Guide

1

In the particular case where there are only two indicators - basic (PB) and the current (Fr),

**pace****growth**determined by the formula: Tp = (Fr / lib) * 100% .If the determination of the average annual pace**and****growth as a benchmark uses a numerical value that characterizes the phenomenon under investigation, as measured at the end of the previous period, ie on 1 January of the year for which the average is determined by the rate of****growth**.This value should be expressed in absolute terms. 2

If

**pace****growth**calculated as a ratio, the baseline is taken as 1 or 100, if you count it as a percentage.When calculating the basic**pace**s**growth for each month of the year all the indicators at the end of each month relate to the underlying index as of 1 January.If you expect to chain indices, the base should be the previous period.To calculate the average pace****growth**and more convenient to use chain indices. 3

analyzed period is the calendar year - from 1 January to 31 December.You need to have the information and values โโof the indicators in absolute terms at the end of each month, together with a base value of the amount must be equal to 13. Calculate the chain

**pace**s**growth for each month.You should have 12 values โโ****s pace of growth****for each calendar month.These are very important characteristics.If you calculate it for several years and analyze to get the results you can see and then take into account the seasonal fluctuations of.** 4

**average annual pace of growth**and

**(CAGR) is already free from the influence of seasonality.To define it, put all the chain indices for the year and divide it by 12: CAGR = (Tr1 + Tr2 TP3 + ... + Tr11 + Tr12) / 12.**

Helpful Hint

average Indicatorsgrowth rates for several years are used in long-term forecasting and analysis of dynamic changes characterizing the development of a phenomenon in the economy, industry and finance.