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 =

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

A9.

 

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 =
=
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
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Current Account
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
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
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)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
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-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education