Exhibit 15-1
Below you are given the first five values of a quarterly time series. The multiplicative model is appropriate and a four-quarter moving average will be used.
-Refer to Exhibit 15-1. An estimate of the trend component times the cyclical component (T2Ct) for Quarter 3 of Year 1, when a four-quarter moving average is used, is
Definitions:
Local Union
Branch of a union that is locally based and forms part of a larger (often national or international) union.
National Union
A labor union that represents the interests of workers across an entire nation, across various industries or sectors.
Social Union
A type of union or group that focuses primarily on social activities, support, and engagement among its members, rather than on economic or political goals.
Craft Union
A type of union composed of workers who possess the same skills or trades.
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