The growth model Eq. (5.18) was fitted to several U.S. economic time series and the following results
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a. In each case find out the instantaneous rate of growth.
b. What is the compound rate of growth in each case?
c. For the S&P data, why is there a difference in the two slope coefficients?
How would you reconcile the difference?
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a Instantaneous growth 302 530 456 114 b Compound growth ...View the full answer
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