📈  Seasonal Lag

Seasonal Lag#

The offset to the same point in a previous season, used in seasonal models.

Important

✨ AI-generated content. This page was written with the assistance of an AI language model and is provided as a learning aid. Despite careful review, it may still contain mistakes, omissions, or out-of-date information. Whether you are new to the topic, a team lead, or a senior practitioner, treat it as a starting point rather than an authoritative reference: read it critically and independently verify anything you act on (code, commands, figures, and factual claims) against official documentation and primary sources before relying on it.

What it is#

A lag is a past value of the series, \(y_{t-k}\); the seasonal lag is the lag equal to the seasonal period \(m\) — the value from the same point one cycle ago:

\[\text{seasonal lag: } y_{t-m}, \qquad \text{seasonal difference: } y_t - y_{t-m}.\]

Common periods#

The period is set by the calendar of the data: \(m = 12\) for monthly data with yearly seasonality, \(m = 7\) for daily data with weekly seasonality, \(m = 24\) for hourly data with daily cycles.

Where it’s used#

The seasonal lag underlies the seasonal naïve forecast (\(\hat{y}_t = y_{t-m}\)), seasonal differencing (which strips out seasonality), and lag features in ML forecasting. A large autocorrelation at the seasonal lag is the signature of seasonality.


Theme: Signal Processing & Time Series  ·  All terminology



See also

Source article Adapted (context, re-expressed) in our own words from: Seasonal Lag (insightful-data-lab.com).

Tags: purpose: reference topic: terminology level: advanced