The logic of calculating total profit is similar to the logic of calculating total labor costs. Based on (6.5) we can write: . Substituting the numerical values from Table 6.7 we get: From the point of view of profit, the import of agricultural products is not as profitable as the import of industrial products, since […]
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Determination of the seasonal component of the time series
Depending on the nature of seasonal fluctuations, two types of models are distinguished – additive and multiplicative. According to the additive model, the time series with seasonal fluctuations is represented as: where: is the value of the predicted variable for the -th point in time; – trend […]