Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Allison is a data analyst. She has been tasked to report the projected sales forecast for electric cars to be sold in 2020. Based on

Allison is a data analyst. She has been tasked to report the projected sales forecast for electric cars to be sold in 2020. Based on data released by a federal agency she knows that electric car sales for the past (electric car sales increased from 17,425 units in 2013 to 199,826 units by the end of 2019). To find out the projected sales figures, Allison conducts research in the area and found different sources:

1. Everything electric is a consulting firm that tracks firms that are involved in electric car manufacturing. Everything electric is cautioning the market for sales growth to dip by 50% in the future.

2.Knowurcar.com is an online website for the car enthusiasts that also publishes content related to cars, its upkeep, newer models, etc. A recent report at Knowurcar.com predicts the electric car market to be more than 400K by 2020.

3.Alternative.org is a nonprofit that is run by three electric car industry veterans. In an interview with them, Allison learned that the electric car industry is going through a consolidation phase where the sales are expected to dip in the future.

Based on the information, what should be Allison's forecast for electric car sales for 2020? (Write out your assumptions if any)

Step by Step Solution

3.40 Rating (163 Votes )

There are 3 Steps involved in it

Step: 1

The electric car market is growing at a faster rate than ever before With sales expected to grow ove... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Applied Statistics For Public And Nonprofit Administration

Authors: Kenneth J. Meier, Jeffrey L. Brudney, John Bohte

9th Edition

1285737237, 978-1285974521, 1285974522, 978-1285737232

More Books

Students also viewed these Accounting questions