Definition: Working/trading day effects

Category: Memobust Glossary

Systematic effects in monthly times series related to changes in the day-of-week composition of each month and, in some cases, also to changes in the length of February. https://ec.europa.eu/eurostat/cros/content/memobust-glossary-pdf-file_en
Source:
Eurostat, "Memobust Glossary" (part of the Memobust Handbook on Methodology of Modern Business Statistics), ESSnet "Memobust", March 2014
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