Consider the Time Series Shown in the Following Table A Calculate the Percentage of Trend for Each Time Period

question 100

Essay

Consider the time series shown in the following table. $$\begin{array} { | c c | c c | } \hline \text { Time period } & y & \text { Time period } & y \\\hline 1 & 35 & 9 & 46 \\2 & 32 & 10 & 43 \\3 & 29 & 11 & 48 \\4 & 26 & 12 & 41 \\5 & 28 & 13 & 34 \\6 & 32 & 14 & 29 \\7 & 38 & 15 & 25 \\8 & 43 & 16 & 23 \\\hline\end{array}$$ a. Calculate the percentage of trend for each time period.
b. Plot the percentage of trend.
c. Describe the cyclical effect (if there is one).

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Definitions:

Discouraged Workers

Individuals who are not actively seeking employment because they believe no jobs are available for them or they are qualified for the jobs that exist.

Discount Period

The timeframe during which a payment can be made at a reduced rate, often used in terms of early payment of invoices for goods or services.

Controlling Accounts

A summary account in the general ledger that consolidates the totals of subsidiary ledger accounts.

Subsidiary Accounts

Detailed records that support or are linked to a general ledger account, providing specifics about transactions.