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Seasonal adjustment of the Spanish sales daily data
Ángel Cuevas1, Ramiro Ledo1, Enrique M Quilis1
1Research and Statistics Division, Tax Agency, Spain.
Abstract:
We present a procedure to perform seasonal adjustment over daily sales data. The model adjusts daily information from the Immediate Supply of Information System for Value Added Tax declaration forms compiled by the Spanish Tax Agency. The procedure performs signal extraction and forecasting at the daily frequency, by means of an unobserved components model. The daily information allows a permanently updated monitoring of the short-term economic conditions of the Spanish economy.
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