Convert the annual trend equation y= 160+ 56t into the monthly trend equation.
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y= 160+ 56t
Becomes:
y = 160/12 + 56/12 t
y = 40/3 + 14/3 t
Conversion of trend equations
(i) converting from annual trend equation to a monthly trend equation, we divide by 12. This is because 1 year has 12 months.
(ii) converting from monthly trend equation to an annual trend equation, we multiply by 12.
(iii) converting from annual trend equation to a Quarterly trend equation, we divide by 4.
(iv) converting from quarterly trend equation to an annual trend equation, we multiply by 4.
Becomes:
y = 160/12 + 56/12 t
y = 40/3 + 14/3 t
Conversion of trend equations
(i) converting from annual trend equation to a monthly trend equation, we divide by 12. This is because 1 year has 12 months.
(ii) converting from monthly trend equation to an annual trend equation, we multiply by 12.
(iii) converting from annual trend equation to a Quarterly trend equation, we divide by 4.
(iv) converting from quarterly trend equation to an annual trend equation, we multiply by 4.
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Answer:
Step-by-step explanation:
y= 160+ 56t
Becomes:
y = 160/12 + 56/12 t
y = 40/3 + 14/3 t
Conversion of trend equations
(i) converting from annual trend equation to a monthly trend equation, we divide by 12. This is because 1 year has 12 months.
(ii) converting from monthly trend equation to an annual trend equation, we multiply by 12.
(iii) converting from annual trend equation to a Quarterly trend equation, we divide by 4.
(iv) converting from quarterly trend equation to an annual trend equation, we multiply by 4.
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