Trend component of a time series

Assignment Help Basic Statistics

Reference no: EM13983168

a. What is meant by the trend component of a time series? How is a linear trend different from a nonlinear trend?

b. Determine the actual percentage growth in the median selling price between the base year and year 10.

c. Determine the actual percentage growth in the median selling price between the base year and year 5.

d. Determine the actual percentage growth in the median selling price between year 5 and year 10.

Reference no: EM13983168

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