Seasonality in the number of hours worked by employed persons – an analysis by activity level

Georgiana Andreea FERARIU
Andreea MIRICA
Marian NECULA
Nicoleta Violeta VELIŞCĂ

Keywords

seasonal adjustment, working time, COVID-19

Abstract

The paper tests for time series seasonality in the numbers of hours worked by Romanian employed persons, by activity level. The presence of the seasonality component in a time series can seriously affect interpretation and forecasting of economic phenomena. Detecting and extracting the seasonal component from a time series which displays seasonal pattern is, arguably, an useful econometric technique, especially when time series analysis is used as decision support mechanism.