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Trends and Deviations in Federal, State and Local Finance

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Table 1. Trend Coefficients in Federal Finance1 1952—83 Residual Standard ______________________________ Error Total Revenue Total Expenditure 50.2 Difference 54.5 Difference, Total General Revenue and Expenditure Difference, Direct —.249 .228 21.7 General
Table 10 presents ARIMA models for deviations from capital outlay

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