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
Related questions
Question
A9.

Transcribed Image Text:The following is a linear trend fitted to a series expressed in thousands of dollars.
Tt = 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.
It
=
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
=
BSP
c. Using the above trend equation, what is the annual variation of the trend in dollars?
Tt =
=
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you


Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON

Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON


Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON

Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON

Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning

Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning

Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education