Figure 1 shows the quarterly exports of Australian national accounts from January 1960 -

October 1995.

million of dollars 15000 20000 25000 10000 5000 0 1960 Q1 1961 Q2 1962 Q3 1963 Q4 1965 Q1 1966 Q2 1967 Q3 1968 Q4 1970 Q1 1971 Q2 1972 Q3 1973 Q4 Year 1975 Q1 January 1960 - October 1995 Quarterly Australian national accounts exports: millions of dollars from Figure 1 1976 Q2 1977 Q3 1978 Q4 1980 Q1 1981 Q2 1982 Q3 1983 Q4 1985 Q1 1986 Q2 1987 Q3 1988 Q4 1990 Q1 1991 Q2 1992 Q3 1993 Q4 1995 Q1Time Residual Plot 6000 4000 2000 O Residuals -2000 50 100 150 200 -4000 -6000 Time Figure 2. Time residual plot