Alper, C. Emre; Aruoba, S. Boragan - In: Istanbul Stock Exchange Review 5 (2001) 18, pp. 33-52
This paper analyzes the effects of regular seasonal fluctuations of macroeconomic variables in Turkey due to the religious events (religious holidays and Ramadan)[1] in monthly frequency. Conventional deterministic deseasonalization techniques are applied to the detrended and linearized major...