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Journal of Financial and Quantitative Analysis Vol. 13 No. 1 1978

Further Evidence on Seasonal Adjustment of Time Series Data

David P. Rochester; Samuel C. Hadaway

Abstract

The purpose of this paper is to provide evidence that the Bureau of the Census' X–ll program for seasonal adjustment [3] overstates the incidence of seasonality in some forms of times series data. This problem arises in a recent study by Bonin and Moses [1] (hereafter B-M) indicating that 7 of the 30 Dow Jones Industrial stocks exhibited persistent seasonal patterns during the period July 1962 through June 1971.

DOI
10.2307/2330528
Volume
13
Issue
1
Pages
133
Sources
crossref openalex

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