Seasonally adjusted annual rate

The Seasonally Adjusted Annual Rate (SAAR) is a statistical technique used to adjust economic data to account for seasonal variations. This adjustment helps to provide a clearer picture of underlying trends by removing the effects of predictable seasonal patterns—such as increased retail sales during the holiday season or higher construction activity during the summer months. Here's a breakdown of the components: 1. **Seasonally Adjusted**: This means that the data has been modified to eliminate the impact of seasonal fluctuations.