Seasonal Adjustment (Noun)
Meaning
A statistical adjustment made to accommodate predictable fluctuations as a function of the season of the year; "seasonal adjustments for housing starts must be made in mid-winter".
Classification
Nouns denoting possession and transfer of possession.
Examples
- The economists applied a seasonal adjustment to the monthly sales data to account for the expected peak in winter clothing sales.
- To accurately track the local real estate market, analysts must make seasonal adjustments for housing starts in mid-winter.
- The company's financial reports included a seasonal adjustment for the fluctuations in electricity demand due to varying temperatures.
- The team applied a seasonal adjustment to the agricultural production data to smooth out the effects of natural produce cycle fluctuations.
- After making the necessary seasonal adjustments, the trade deficit was shown to have shrunk by a more modest 5% than initially reported.