about 5.8 years
What is growth rate?
Growth rates are the changes in a particular variable's percentage over a given period of time. Increase rates, for investors, often represent the compounded yearly rate of growth of a company's revenues, earnings, dividends, or even macro terms, such as gross domestic product (GDP) and retail sales. Two popular types of growth rates used for analysis are expected forward-looking and trailing growth rates.
Growth rates are used to calculate the percentage change in a variable over a given year.
In the past, growth rates have been used to analyze economic activity, business management, and investment returns. Growth rates were first employed by biologists to analyze population sizes.
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