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Countries with the highest jobless rates: Greece: 27.2% (in January) Spain: 26.2% Portugal: 17.5% Countries with the lowest jobless rates Austria: 4.7% Germany: 5.4% Luxembourg: 5.7% Update As a clarification on the German figure: Eurostat says it uses the trend component for Germany "instead of the more volatile seasonally adjusted data".
However, strong drops in the trend component are observed.
On completing the extracting trend component, the trend is removed.
Trend component stands for the general trend of one series.
Open image in new window Fig. 7 Trend component.
Furthermore, including a trend component in the model is a novel feature.
They suggest that the trend component follows a stochastic process that may not necessarily be stationary.
However, as the time period increases longer, the trend component becomes nonlinear.
The trend component is dominant during periods of longer than a few days.
So the trend component could reflect the degree of exploitation by human.
The extraction order is the trend component with periodic component, followed by the random component.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com