Which average is most suitable for determining the average growth rate of a company over several years?Arithmetic meanGeometric meanHarmonic meanMedian
Question
Solution 1
The most suitable average for determining the average growth rate of a company over several years is the Geometric mean.
Here's why:
- The geometric mean is most appropriate for series that exhibit serial correlation. This is often the case with financial and economic data, where this year's per Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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