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2. Forecasting The sales data for the Lonestar Sports Apparel Company for the last 12 years are as follow: 2001 $400,000 2007 $617,000 Sales 2002

2. Forecasting The sales data for the Lonestar Sports Apparel Company for the last 12 years are as follow: 2001 $400,000 2007 $617,000 Sales 2002 2003 2004 $440,000 $430,000 $513,000 Sales 2008 2009 2010 $654,000 $700,000 $750,000 A. What is the 2001 2012 compound growth rate? B. Using the result obtained in part a, what is your 2013 projection? C. If you were to make your own projection, what would you forecast? 2005 $554,000 201 1 $824 , 000 2006 $53?,000 2012 $906,000

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