Elevate Your Business Analytics: Step-by-Step Guide To Seasonal Adjustment

We all understand the importance of breaking time series into its components for forecasting, but the same is not emphasized enough in business performance analysis.

As a business performance analyst, I constantly report monthly revenue performance and track business cycle trends. To deal with the problem of seasonal changes, I rely on year-over-year comparisons. The problem is that these comparisons rely on 12-month-old data, which means that you will catch up with the trend late, which could have…