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According to the company, sales in July 2016 were negatively affected by a calendar effect of about 3% points, due to fewer trading days compared with the previous year.
Traffic in March 2014 was mainly affected by a calendar effect due to the half-term holiday dates for schools in the Paris area, which this year were from 15 February to 3 March, as opposed to 2 to 18 March in 2013.
Following disappointing February results, depressed by the unfortunate calendar effect, March data softened expectations of the rapidly approaching recession.
We consider chain-ladder-type models extended with a calendar effect used for reserving in general insurance as suggested by Zehnwirth (1994).
The company says the decline is due to a negative calendar effect, as well as to the impact of bad weather in July, which hurt sales of fruit, vegetables, beverages and seasonal goods.
10) Statistics Sweden has calculated that the calendar effect on GDP growth 2004 will be 0.
There has been a kind of calendar effect, with Christmas relatively late in the week this year.
The calendar effect in the main markets, with fewer working days, did not slow down the results for the month of April and the companys deliveries rose by 16.
According to the company, sales in April 2016 were positively affected by a calendar effect of about 6% points, due to additional trading days compared with the previous year.
According to ICA Gruppen, it estimates the calendar effect for April 2016 to be a negative 2.