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TREND

Statistics Directorate    
French Equivalent: Tendance

Definition:
A long-term movement in an ordered series, say a time series, which may be regarded, together with the oscillation and random component, as generating the observed values.

Context:
In time series analysis, a given time series can be decomposed into: a) a cyclical component; b) a trend component; c) a seasonal component; d) an irregular component.

Source Publication:
The International Statistical Institute, “The Oxford Dictionary of Statistical Terms”, edited by Yadolah Dodge, Oxford University Press, 2003.

Cross References:
Time series
Trend estimates

Statistical Theme: Methodological information (metadata)

Glossary Output Segments:
SDMX

Created on Tuesday, September 25, 2001

Last updated on Wednesday, December 21, 2005