National Accounts   |   Statistics Division

Latest Data Upload: December 2013
 

Glossary - Definition of Term

Term
Trend
Definition A long-term movement in an ordered series, say a time series, which may be regarded, together with the seasonal, cyclical and irregular (random) component, as generating the observed values. In time series analysis, a given time series can be decomposed into:
- a cyclical component
- a trend component
- a seasonal component
- an irregular component
 
It is acknowledged that this glossary uses descriptions of the OECD glossary of statistical terms, the Glossary of the System of National Accounts 1993 and the UN classifications registry.
 

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