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Secular variation

 

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Secular variation



 
 
The secular variation (or secular trend) of a time series
Time series

In statistics, signal processing, and many other fields, a time series is a sequence of data points, measured typically at successive times, spaced at time intervals....
 is its long-term non-periodic variation, as opposed to its periodic variation
Periodic variation

In statistics, the periodic variation of a time series is its cyclic variation, either regular or semiregular. See also periodic function.A completely regular cyclic variation in a time series might be dealt with in time series analysis by using a model including one or more sinusoids, where the period-lengths of the sinusoids may be known...
. Of course, whether something is perceived as a secular variation or not depends on the available timescale: what appears to be a secular variation over a time scale of centuries can turn out to be a periodic variation over a time scale of millions of years. Natural quantities often have both periodic and secular variations.

The term secular variation is used wherever time series are applicable such as in economics
Economics

File:Ballard Farmers' Market - vegetables.jpgEconomics is the Social sciences that studies the Production theory basics, Distribution , and Consumption of Good and Service ....
, operations research
Operations research

Operations Research in the USA, South Africa and Australia, and Operational Research in Europe and Canada, is an interdisciplinary branch of applied mathematics and formal science that uses methods such as mathematical modeling, statistics, and algorithms to arrive at optimal or near optimal solutions to complex problems....
, astronomy
Astronomy

Astronomy is the science of Astronomical object and Phenomenon that originate outside the Earth's atmosphere . It is concerned with the evolution, physics, chemistry, meteorology, and motion of celestial objects, as well as the physical cosmology....
 (particularly celestial mechanics
Celestial mechanics

Celestial mechanics is the branch of astronomy that deals with the motion s of celestial objects. The field applies principles of physics, historically classical mechanics, to astronomical objects such as stars and planets to produce ephemeris data....
), etc.

Jack McCormac states in Surveying, 5th ed.: "The angle of declination [the angle by which astronomic north varies with magnetic north] at a particular location is not constant but varies with time.






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Encyclopedia


The secular variation (or secular trend) of a time series
Time series

In statistics, signal processing, and many other fields, a time series is a sequence of data points, measured typically at successive times, spaced at time intervals....
 is its long-term non-periodic variation, as opposed to its periodic variation
Periodic variation

In statistics, the periodic variation of a time series is its cyclic variation, either regular or semiregular. See also periodic function.A completely regular cyclic variation in a time series might be dealt with in time series analysis by using a model including one or more sinusoids, where the period-lengths of the sinusoids may be known...
. Of course, whether something is perceived as a secular variation or not depends on the available timescale: what appears to be a secular variation over a time scale of centuries can turn out to be a periodic variation over a time scale of millions of years. Natural quantities often have both periodic and secular variations.

The term secular variation is used wherever time series are applicable such as in economics
Economics

File:Ballard Farmers' Market - vegetables.jpgEconomics is the Social sciences that studies the Production theory basics, Distribution , and Consumption of Good and Service ....
, operations research
Operations research

Operations Research in the USA, South Africa and Australia, and Operational Research in Europe and Canada, is an interdisciplinary branch of applied mathematics and formal science that uses methods such as mathematical modeling, statistics, and algorithms to arrive at optimal or near optimal solutions to complex problems....
, astronomy
Astronomy

Astronomy is the science of Astronomical object and Phenomenon that originate outside the Earth's atmosphere . It is concerned with the evolution, physics, chemistry, meteorology, and motion of celestial objects, as well as the physical cosmology....
 (particularly celestial mechanics
Celestial mechanics

Celestial mechanics is the branch of astronomy that deals with the motion s of celestial objects. The field applies principles of physics, historically classical mechanics, to astronomical objects such as stars and planets to produce ephemeris data....
), etc.

Jack McCormac states in Surveying, 5th ed.: "The angle of declination [the angle by which astronomic north varies with magnetic north] at a particular location is not constant but varies with time. For periods of approximately 150 years, there is a gradual unexplainable shift in the earth's magnetic fields in one direction after which a gradual drift occurs in the other direction to complete the cycle in the next 150-year period. This variation, called secular variation, can be large. There is no known method of accurately predicting the secular change and all that can be done is to make observations of its magnitude at various places around the world. Records kept in London for several centuries show a range of magnetic declination from 11oE in 1580 to 24oW in 1820. The time period between extreme eastern and western declinations varies with locality. It can be as short as 50 years or even less and as long as 180 years or more."

For example, in the business operating cycle, revenue might fluctuate during the fiscal year. Experienced management could ignore the cyclical fluctuation in revenue and concentrate instead on the larger trend from year to year, hoping to see a secular trend upward.

See also

  • Market trends
    Market trends

    A Market trend is the direction in which a financial market is moving. Market trends can be classified as primary trends, secondary trends , and secular trends ....