Search: Trend

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RBA Glossary definition for Trend

Trend – A trend series is a seasonally adjusted series that has been further adjusted to remove irregular effects and �smooth� out the series to show the overall �trend� of the data over time. This series is usually provided by the Australian Bureau of Statistics.

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Appendix A: Tests for Unit Roots and Time Trends

1 Jun 1989 RDP 8903
Glenn Stevens and Susan Thorp
Table A3: Tests for Unit Roots and Time Trends. 1. (seasonally adjusted data). ... The evidence on the trend components of the series is mixed, and generally weak, but several series may have first or second-order time trends.
https://www.rba.gov.au/publications/rdp/1989/8903/appendix-a.html

The Relationship between Financial Indicators and Economic Activity: Some Further Evidence

1 Jun 1989 RDP 8903
Glenn Stevens and Susan Thorp
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1989/8903.html

The Relationship Between Financial Indicators and Economic Activity: Some Further Evidence

1 Jun 1989 RDP 8903
Glenn Stevens and Susan Thorp
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1989/8903/

Data

1 Jun 1989 RDP 8903
Glenn Stevens and Susan Thorp
Economists frequently detrend data on the assumption that series have a secular (trend) and a cyclical component. ... What is needed, then, is a testing procedure which distinguishes between deterministic time trends and unit roots in data.
https://www.rba.gov.au/publications/rdp/1989/8903/data.html

Appendix B: Tests using Alternative Data

1 Jun 1989 RDP 8903
Glenn Stevens and Susan Thorp
The tests reported in Appendix A suggested that some series may contain deterministic time trends in addition to unit roots. ... The series in question are:. M1, M3, Bank lending, M7PFD – linear time trend;.
https://www.rba.gov.au/publications/rdp/1989/8903/appendix-b.html

References

1 Jun 1989 RDP 8903
Glenn Stevens and Susan Thorp
Nelson, C.R., and C.I. Plosser (1982) “Trends and Random Walks in Macroeconomic Time Series”,. ... American Economic Reveiw. , 70, pp.250–257. Stock, J.H., and M.W. Watson, (1988) “Testing for Common Trends”,.
https://www.rba.gov.au/publications/rdp/1989/8903/references.html

Appendix C: Data

1 Jun 1989 RDP 8903
Glenn Stevens and Susan Thorp
3, 1988. The tests for unit roots and time trends used in the main paper require the availability of levels for all series.
https://www.rba.gov.au/publications/rdp/1989/8903/appendix-c.html

The External Sector

1 Jun 1989 RDP 8903
Glenn Stevens and Susan Thorp
Statistical tests reported in Appendix A suggest that the trade-weighted index (TWI) and major seven private final demand (M7PFD) series may also have a trend component.
https://www.rba.gov.au/publications/rdp/1989/8903/external-sector.html