Forecasting the sales data for the lone star sports apparel, Ask an Expert

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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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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9360169

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