In particular, given 10 years of revenue data, what is "average revenue growth" understood to mean?
- The arithmetic average of the 9 yearly growth rates
- The geometric rate of return
- Something else
- No clear meaning -- phrase is not specific enough
I have to update an infographic for a lay audience which includes the "ten-year average revenue growth". The old report used arithmetic average, but geometric rate of return feels right to me. The difference is small, though, in this case.