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Definition: Multiplicative decomposition
Category: Seasonal adjustment
Multiplicative decomposition means that the original time series is the product of its components: trend‐cycle x seasonal x irregular(/transitory). http://ec.europa.eu/eurostat/ramon/statmanuals/files/UNECE_Seasonal_Adjustment_Demetra.pdf
Source:
United Nations Economic Commission for Europe (UNECE), "Practical Guide to Seasonal Adjustment With Demetra+", Geneva, 2012
United Nations Economic Commission for Europe (UNECE), "Practical Guide to Seasonal Adjustment With Demetra+", Geneva, 2012
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