Question
Based on annual data from 2000-2010, the Gadget Company estimates that sales are growing according to a linear trend: Q = 50,000 + 200 t
Based on annual data from 2000-2010, the Gadget Company estimates that sales are growing according to a linear trend:
Q = 50,000 + 200t
where t is time and t = 0 in 2000.
a.Forecast sales for 2013.
b.Do you see any problems with this forecasting method?
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Microeconomics
Authors: Roger A Arnold
13th Edition
1337617407, 9781337617406
