What is the meaning of Nonstationary?

Nonstationary refers to a time series or time series process which has no natural mean. This condition is an accurate representation of many financial time series such as stocks or volatilities. This compares to Stationary.

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APABarry Goldsmith. (2010). nonstationary. Retrieved September 22, 2026, from http://smartdefine.org/nonstationary/definitions/1159315
ChicagoBarry Goldsmith. 2010. "nonstationary" http://smartdefine.org/nonstationary/definitions/1159315 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, nonstationary, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/nonstationary/definitions/1159315>.
MLABarry Goldsmith. "nonstationary" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/nonstationary/definitions/1159315>