In this appendix, general expressions for estimating growth rates are presented.
Let VBeg and VEnd represent the beginning and ending values of a series of numbers that develop over n periods. Then VEnd can be expressed in terms of VBeg and n by Equation [C-1].
where: CAGR is the compound annual growth rate1
Taking logarithms of both sides of Equation [C-1],
Multiplying both sides of [C-3] by n−1
Since n−1 (n) = 1 and , Equation ...