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CYCLICAL COMPONENT OF A TIME SERIES

Statistics Directorate    
Definition:
The cyclical component of a time series refers to (regular or periodic) fluctuations around the trend, excluding the irregular component, revealing a succession of phases of expansion and contraction.

The cyclical component can be viewed as those fluctuations in a time series which are longer than a given threshold, e.g. 1½ years, but shorter than those attributed to the trend.

Source Publication:
OECD, 2005, Data and Metadata Reporting and Presentation Handbook, OECD, Paris, Section 4: Guidelines for the reporting of different forms of data.

Statistical Theme: Methodological information (metadata)

Created on Monday, July 11, 2005

Last updated on Monday, April 22, 2013