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has been cited by the following article:

• TITLE: Seasonal Adjustment of the Consumer Price Index

  AUTHORS: Tianyi Zhang

  KEYWORDS: CPI, Seasonal Adjustment, Spring Festival, Mobile Holiday, X-13-ARIMA-SEATS

  JOURNAL NAME: Open Journal of Social Sciences, Vol.5 No.3, March 13, 2017

  ABSTRACT: This paper firstly introduces the significance of seasonal adjustments of the consumer price index (CPI). Then this paper focuses on the theory of seasonal adjustments and the ARIMA model with regression. Based on X-13 ARIMA-SEATS program, we develop a statistically robust method to conduct seasonal adjustment on China’s monthly CPI with respect to moving holidays, especially, Chinese Spring Festival. It is demonstrated that seasonally adjusted CPI time series are more sensitive and conducive to monitor the macro economy.