The following is a linear trend fitted to a series expressed in thousands of dollars. T = 381.99 +0.89t, where t is expressed in years. a. If we assume that the series is a flow variable, what is the value of the trend in July 1976 in thousands of dollars? Round your answer to the nearest second decimal. Tt = 2141.08 b. Using the above trend equation, what is the trend value for the fourth quarter of 1980 in thousand of dollars? Round your answer to the nearest second decimal. Tt = c. Using the above trend equation, what is the annual variation of the trend in dollars? Tt =
The following is a linear trend fitted to a series expressed in thousands of dollars. T = 381.99 +0.89t, where t is expressed in years. a. If we assume that the series is a flow variable, what is the value of the trend in July 1976 in thousands of dollars? Round your answer to the nearest second decimal. Tt = 2141.08 b. Using the above trend equation, what is the trend value for the fourth quarter of 1980 in thousand of dollars? Round your answer to the nearest second decimal. Tt = c. Using the above trend equation, what is the annual variation of the trend in dollars? Tt =
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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