Describe the term trend projection
Describe the term trend projection.
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Trend projection:
A graph demonstrating the actual movement of a series is constructed and the apparent trend of the data upon future is projected or extrapolated. It is based upon the assumption that which forces that contributed past will carry on having the same effect.
I have a problem in economics on Resources. Please help me in the following question. The depletion of the fossil fuel reserves will cause the world’s production possibilities frontier to shift: (i) Outward and decrease capacity
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