The Time Series of production yielded following Trend equation :
Y = 136 e0.021 T.
Where Y = Production, T – Time.
From this equation it can be inferred that growth rate of Y in percent terms is
1
0.021
2
2.1
3
21
4
0.21
The Time Series of production yielded following Trend equation :
Y = 136 e0.021 T.
Where Y = Production, T – Time.
From this equation it can be inferred that growth rate of Y in percent terms is