Vehicle Sales, Seas Adj Annual Rate
Why Use This Data Source In Your Models?
Lightweight vehicle sales indicates the number of drivers, number of vehicles, vehicle supply and demand, and overall economic strength.
Vehicle Sales, Seas Adj Annual Rate
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Suggested Treatment:
Grain Transformation:
Source:
U.S. Bureau of Economic Analysis
Release:
Retail Sales
Units:
Millions of Units, Seasonally Adjused Annual Rate
Frequency:
Monthly
Available Through:
04/30/2025
Suggested Treatment:
The data shows auto correlation and a non-normal distribution. The data should be differenced. While the Order Norm transformation, provides the best normality, the Yeo Johnson variable will also perform well.
Grain Transformation:
Data is able to be distributed by time and geography. The roll up method used is Sum.
Auto Correlation Analysis:
Data shows auto correlation indicating a need for differencing
The ACF indicates 1 order differencing is appropriate.
Further differencing is reccommended
Trend Analysis:
The Kwiatkowski-Phillips-Schmidt-Shin (KPSS) test, KPSS Trend = 0.46 p-value = 0.01 indicates that the data is not stationary.
Distribution Analysis:
The Shapiro-Wilk test returned W = 0.88 with a p-value =0.00 indicating the data does not follow a normal distribution.
A skewness score of -1.31 indicates the data are substantially skewed.
Hartigan's dip test score of 0.03 with a p-value of 0.66 inidcates the data is unimodal
Statistics (Pearson P/ df, lower => more normal)
Auto Correlation Function
Auto Correlation Function After Differencing
Partial Auto Correlation Function
Seasonal Impact
Seasonal and Trend Decompostion
Citation:
U.S. Bureau of Economic Analysis, Light Weight Vehicle Sales: Autos and Light Trucks [ALTSALES], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/ALTSALES, December 15, 2019.