An annualized rate is an extrapolation of an occurrence lasting a limited time period to determine the amount or rate generated over a year. It is often used to project the yearly performance of an interest rate, investment return, or seasonal business activity such as ice cream sales.
A statistical procedure applied to time series data to eliminate the effect of seasonal variations, providing a more accurate representation of underlying trends and cyclical movements.
Seasonal unemployment refers to joblessness that is expected at certain times of the year due to predictable and recurring variations in demand for labor. It commonly impacts industries like tourism, agriculture, and retail.
