Graphical methods - trend projection methods, Microeconomics

A trend line can be fitted through a series graphically. Old values of sales for different areas are plotted on a graph and a free hand curve is drawn passing through as many points as possible. The direction of this free hand curve shows the trend. The main draw bask of this methods is that it may show the trend but not measure it.

Posted Date: 3/30/2013 2:12:20 AM | Location : United States

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