The compound growth rate in the fitted trend equation y_t = 228e^-.0982^t is: A)98.2 percent. B)-9.82 percent. C)198.2 percent. D)228 percent.

Question

Quizplus · Accepted Answer

The compound growth rate in the trend equation is given by (e^b-1) * 100, where b is the coefficient of the time variable in the equation. In this case, b = -0.0982. Therefore, the growth rate is (e^-0.0982 - 1) * 100 = -9.82%. Hence, the best choice is B.

The Compound Growth Rate in the Fitted Trend Equation Yt

The Compound Growth Rate in the Fitted Trend Equation Y_t