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DEMETRA+ User Manual
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4.2.2.1 Calendar effects
Item
Type
TramoSeats
Individual spec Argument
-
Trading days
regression
(predefined
type or calendar
type)
variables
Comments
The user can choose between:
• None,
• Predefined,
• Calendar,
• UserDefined.
"None" means that calendar effects will not
be included in the regression.
"Predefined" means that default calendar
will be used,
"Calendar" corresponds to the pre-defined
trading days variables, modified to take into
account specific holidays. It means that the
user should specify the type of trading days
effect (td1,td2, td6 or td7) and chose
calendar which will be used for holidays’
estimation.
"UserDefined" is used when the user wants
to specify in a free way his own trading day
variables
Acceptable values:
• td1 - include the weekday-weekend
contrast variable,
• td2 - include the weekday-weekend
contrast variable and a leap year
effect,
• td6 - include the six day-of-he week
variables,
• td7 - include the six day-of-he week
variables and a leap year effect,.
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