Average Duration (in Quarters) from Business Application to Formation Within Four Quarters: Utilities in the United States

A measure of delay between business application and formation, measured as the average duration (in quarters) between the quarter of business application and the quarter of business formation, conditional on business formation within four quarters. See the U.S. Census's FAQs (https://www.census.gov/econ/bfs/faqs.html) for more details.