Calendar Adjustment. A. When the Employer determines that a need exists for additional work on a building level basis, the work shall be offered at the negotiated hourly rate.
Calendar Adjustment. In the event there is a state law requirement to make up pupil count days lost for emergency school closing, a Joint Committee of Association and Administration, six persons (6), shall be convened to adjust the calendar in order to meet State Law Requirements.
Calendar Adjustment. Calendar adjustment refers to the correction for calendar variations. Two different types of calendar effect can be distinguished: - working/trading day effect; - moving holidays. Working day or trading day adjustment means correction raw series for differences in the number of working or trading days in a given period (quarter) which differ from year to year which and has impact upon the level of activity in that period. Daily composition of the quarter is not constant, even the length varies (Leap Year). Moving Holidays, for example Easter, have also impact on some activities. Easter effect influences first or second quarter (falls in March or April). Calendar adjusted series are derived from raw series after eliminating working day effect and Easter effect. In Polish practice these two effects are estimated during seasonal adjustment using Demetra’s default model. In the final Excel file two shits are achieved: aggregate trading day effects(.pt) and Easter effect (.pse). Depending on the relationship between the components in the original series, the mode of calendar adjustment may be additive or multiplicative. In case multiplicative model of the original series, quarterly calendar factors are ratios, with all positive values centered around unity. The purely calendar adjusted series are computed by dividing each quarter’s original value by corresponding trading day factor and Easter day factor. In additive model quarter calendar factors represent positive or negative deviations from the original series and are centered around zero. The purely calendar adjusted series are computed by subtracting corresponding trading day factor and Easter day factor from each quarter’s original value. Period Original series Aggregate Trading Day Effects Easter Effect Calendar adjusted series Final consumption expenditure Construction Final consumption expenditure Construction Final consumption expenditure Construction Final consumption expenditure Construction Q. I 95 107 945,9 6 805,0 0,9989 46,7367 1,0 0,0 108 064,4 6 758,3 Q. II 95 117 864,7 9 301,9 0,9967 -261,7256 1,0 0,0 118 256,2 9 563,6 Q. III 95 120 789,1 10 667,2 0,9986 -112,1681 1,0 0,0 120 960,9 10 779,4 Q. IV 95 126 086,5 13 217,6 0,9969 -243,0309 1,0 0,0 126 475,4 13 460,6 Q. I 96 122 665,1 6 389,0 1,0042 -65,4300 1,0 0,0 122 146,1 6 454,4 Q. II 96 123 355,6 9 494,5 0,9967 -261,7200 1,0 0,0 123 765,4 9 756,2 Q. III 96 127 581,0 11 358,6 0,9994 -46,7367 1,0 0,0 127 656,6 11 405,3 Q.IV 96 133 220,0 13 708,9...
