{"id":118848,"date":"2024-01-22T22:12:25","date_gmt":"2024-01-22T21:12:25","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/118848\/"},"modified":"2024-11-07T04:59:54","modified_gmt":"2024-11-07T03:59:54","slug":"direct-versus-indirect-approach-in-seasonal-adjustment","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/118848\/","title":{"rendered":"Direct Versus Indirect Approach in Seasonal Adjustment"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-118848","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"With seasonal adjustment one has to decide whether to seasonal adjust an aggregate like GDP directly or to sum up its seasonally adjusted components. This choice is usually driven by subjective motives or practical convenience. In the case of seasonal adjustment with chain-linked data one might feel forced to use the direct approach as components do not even add up to aggregates before the adjustment. This paper presents a guide for practitioners, which recommends a more objective way of decision-making, based on several indicators. It proposes some of these criteria which can facilitate the decision between the direct and the indirect approach. For the case of chain-linked series, where the indirect approach seems not to be feasible because components are not adding up to an aggregate, the paper presents a method how the indirect approach of seasonal adjustment nevertheless can be applied. Finally it deals with a possible balancing process between the results of the direct and the indirect approach and a practical application example is given.","onlinedate":"2014-01-29 12:00:00","lang":"English","publication_series":"","publication_date":"20140101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"11","keywords":"[\"Seasonal adjustment\",\"chain\u2010linking\",\"direct indirect method\"]","jelcodes":"[]","related_publications":"[]","pdf":351908,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"460","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2014-01-29 12:00:00","types":[44410],"research_groups":[3500],"collaboration":"","persons":[3837],"persons_data":"[{\"personId\":3837,\"personName\":\"Marcus Scheiblecker\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Scheiblecker, M.<\\\/span> (2014). <span>Direct Versus Indirect Approach in Seasonal Adjustment<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (460). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/47115\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/47115<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Scheiblecker M<\\\/span>. <span class=\\\"title\\\"><span>Direct Versus Indirect Approach in Seasonal Adjustment<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2014 Jan;(460).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{51e2a233d37d4f6a9e6e2bfe6204aab6,<\\\/div><div>  title    = \\\"Direct Versus Indirect Approach in Seasonal Adjustment\\\",<\\\/div><div>  abstract = \\\"With seasonal adjustment one has to decide whether to seasonal adjust an aggregate like GDP directly or to sum up its seasonally adjusted components. This choice is usually driven by subjective motives or practical convenience. In the case of seasonal adjustment with chain-linked data one might feel forced to use the direct approach as components do not even add up to aggregates before the adjustment. This paper presents a guide for practitioners, which recommends a more objective way of decision-making, based on several indicators. It proposes some of these criteria which can facilitate the decision between the direct and the indirect approach. For the case of chain-linked series, where the indirect approach seems not to be feasible because components are not adding up to an aggregate, the paper presents a method how the indirect approach of seasonal adjustment nevertheless can be applied. Finally it deals with a possible balancing process between the results of the direct and the indirect approach and a practical application example is given.\\\",<\\\/div><div>  keywords = \\\"Seasonal adjustment, chain\u2010linking, direct indirect method, Seasonal adjustment, chain\u2010linking, direct indirect method\\\",<\\\/div><div>  author   = \\\"Marcus Scheiblecker\\\",<\\\/div><div>  note     = \\\"Direct Versus Indirect Approach in Seasonal Adjustment\\\",<\\\/div><div>  year     = \\\"2014\\\",<\\\/div><div>  month    = jan,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Direct Versus Indirect Approach in Seasonal Adjustment<\\\/p><p>AU  - Scheiblecker, Marcus<\\\/p><p>N1  - Direct Versus Indirect Approach in Seasonal Adjustment<\\\/p><p>PY  - 2014\\\/1<\\\/p><p>Y1  - 2014\\\/1<\\\/p><p>N2  - With seasonal adjustment one has to decide whether to seasonal adjust an aggregate like GDP directly or to sum up its seasonally adjusted components. This choice is usually driven by subjective motives or practical convenience. In the case of seasonal adjustment with chain-linked data one might feel forced to use the direct approach as components do not even add up to aggregates before the adjustment. This paper presents a guide for practitioners, which recommends a more objective way of decision-making, based on several indicators. It proposes some of these criteria which can facilitate the decision between the direct and the indirect approach. For the case of chain-linked series, where the indirect approach seems not to be feasible because components are not adding up to an aggregate, the paper presents a method how the indirect approach of seasonal adjustment nevertheless can be applied. Finally it deals with a possible balancing process between the results of the direct and the indirect approach and a practical application example is given.<\\\/p><p>AB  - With seasonal adjustment one has to decide whether to seasonal adjust an aggregate like GDP directly or to sum up its seasonally adjusted components. This choice is usually driven by subjective motives or practical convenience. In the case of seasonal adjustment with chain-linked data one might feel forced to use the direct approach as components do not even add up to aggregates before the adjustment. This paper presents a guide for practitioners, which recommends a more objective way of decision-making, based on several indicators. It proposes some of these criteria which can facilitate the decision between the direct and the indirect approach. For the case of chain-linked series, where the indirect approach seems not to be feasible because components are not adding up to an aggregate, the paper presents a method how the indirect approach of seasonal adjustment nevertheless can be applied. Finally it deals with a possible balancing process between the results of the direct and the indirect approach and a practical application example is given.<\\\/p><p>KW  - Seasonal adjustment<\\\/p><p>KW  - chain\u2010linking<\\\/p><p>KW  - direct indirect method<\\\/p><p>KW  - Seasonal adjustment<\\\/p><p>KW  - chain\u2010linking<\\\/p><p>KW  - direct indirect method<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Working Papers<\\\/p><p>JF  - WIFO Working Papers<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Direct Versus Indirect Approach in Seasonal Adjustment - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/118848\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Direct Versus Indirect Approach in Seasonal Adjustment\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/118848\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-07T03:59:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/118848\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/118848\\\/\",\"name\":\"Direct Versus Indirect Approach in Seasonal Adjustment - 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