Residual Seasonality in U.S. Real GDP Debunked by CAMPLET
The article compares different methods for adjusting seasonal patterns in U.S. real GDP data. The researchers used two techniques, X13 and CAMPLET, to analyze the data. They found that CAMPLET showed stronger performance in seasonal adjustment. The first and second-round adjustments using X13 and CAMPLET were similar, and no residual seasonality was detected in U.S. real GDP.