Modelling trends and cycles in economic time series has a long history withthe use of linear trends and moving averages forming the basic tool kit ofeconomists ... » 

Modelling trends and cycles in economic time series has a long history withthe use of linear trends and moving averages forming the basic tool kit ofeconomists until the 1970s. Several developments in econometrics then led to anoverhaul of the techniques used to extract trends and cycles from time series.Terence Mills introduces these various approaches to allow students andresearchers to appreciate the variety of techniques and the considerations thatunderpin their choice for modelling trends and cycles. «