Periodicity for Transactions Data Law and Legal Definition

Periodicity refers to the period to which each data point relates, e.g., quarterly and annual data. Periodicity for transactions (flow) data is specified in terms of the interval represented by a single data point. While periodicity for position (stock) data is specified in terms of the interval between two data points. For example, quarterly periodicity for balance of payments data means that one quarter is the interval that is represented by a single estimate.