What do SA, NSA, SAAR, YoY, MoM, QoQ, and CA mean on charts?
Here's a quick reference for common statistical terms on MacroMicro charts:
- SA (Seasonal Adjustment): A statistical method that removes seasonal effects from data
- NSA (Non-Seasonally Adjusted): Raw data without seasonal adjustment
- SAAR (Seasonally Adjusted Annual Rate): Seasonally adjusted data expressed as an annualized rate
- YoY (Year over Year): Growth rate compared to the same period last year
- MoM (Month over Month): Growth rate compared to the previous month
- QoQ (Quarter over Quarter): Growth rate compared to the previous quarter
- CA (Calendar Adjustment): Adjustment to account for differences in the number of working or holiday days across months
If no label is shown, the data is typically unadjusted (NSA).