Secular Trends Definition
The cluster focuses on explaining the meaning of 'secular' in economics and finance, particularly as a term for long-term, non-cyclical trends, with references to dictionaries, Wikipedia, and examples contrasting it with cyclical changes.
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> Edit: Nadella said re: how MS looks at acquisitions (http://www.theverge.com/2016/6/13/11920306/microsoft-ceo-sat...) "Is this asset riding secular usage and technology trends?" - anyone know what that means?In general English, "secular" means "non-religious."In MBA-speak, "secular&q
'Secular' has multiple definitions; this one refers to a non-cyclical trend:https://www.lexico.com/en/definition/secular
> In MBA-speak, "secular" means "non-cyclical."It's not "MBA-speak"; this sense of the word "secular" is used in economics, time-series analysis, astronomy, etc.https://en.wikipedia.org/wiki/Secular_variation
How would this be a “secular trend”? What does secular even mean in this context?
A secular trend is an ongoing directional shift, in contrast to a cyclical change: https://en.wikipedia.org/wiki/Secular_variation
"(of a fluctuation or trend) occurring or persisting over an indefinitely long period. "there is evidence that the slump is not cyclical but secular""
"Secular bull market" is a real term with a well-established meaning: https://en.wikipedia.org/wiki/Market_trend#Secular_trends
A secular trend is roughly any trend that is not either a fad or cyclical.Basically the claim is that opting out of car-ownership will be a sticky long-term movement, not just something that urban hipsters do for a few years to signal how green they are.- Ice cream demand going up every summer is a cyclical trend.- Bell bottoms were a fad.- Smartphones replacing dumbphones is a secular trend.
In Economics, secular essentially refers to long-term trends regardless of boom-and-bust business cycles. The focus is on the long term. In the context of economics it has nothing to do with religiousness.A secular trend is a variable that evidences a consistent pattern within a given period of time. It is a statistical tendency that can be easily identified and it is not subject to seasonal or cyclical effects. (<a href="https://www.myaccountingcourse.com/accounting-dictionary
ECONOMICS (of a fluctuation or trend) occurring or persisting over an indefinitely long period. "there is evidence that the slump is not cyclical but secular"