Modelling trends and cycles in economic time series has a long
history, with the use of linear trends and moving averages forming
the basic tool kit of economists until the 1970s. Several
developments in econometrics then led to an overhaul of the
techniques used to extract trends and cycles from time series. In
this second edition, Terence Mills expands on the research in the
area of trends and cycles over the last (almost) two decades, to
highlight to students and researchers the variety of techniques and
the considerations that underpin their choice for modelling trends
and cycles.
General
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