(Answered) Forecasting the sales data for the lone star sports apparel

Statistics

Forecasting: The sales data for the lone star Sports Apparel Company for the last 12 years are as follows:

2001 $400,000
2002 440,000
2003 480,000
2004 518,000
2005 554,000
2006 587,000
2007 617,000
2008 654,000
2009 700,000
2010 756,000
2011 824,000
2012 906,000

Questions:

a. What is the 2001- 2012 compound growth rate?

b. Using the result obtained in part a, what is your 2013 projections?

c. If you were to make your own projections, what would you forecast?

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