Can anyone give me a clear example of what a "monotonous nonlinear trend" is? I am trying to teach myself time series analysis and ran across this phrase. I know what a nonlinear trend looks like but what is a monotonous one? How does it differ from a non-monotonous nonlinear trend?
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A monotone trend would be one that is either increasing, like this:
or decreasing, like this:
The trend below is not monotone.
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