Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello! Need help to understand how to do Revenue and Cost projections based on historical data, based on Time Series Model. Hopefully the most basic

Hello!

Need help to understand how to do Revenue and Cost projections based on historical data, based on Time Series Model. Hopefully the most basic and easiest way to do it.

Below is the historical data for the company:

Revenue of Merchandise Sales
2015 25,623,744,195
2016 32,223,375,519
2017 36,644,463,348
2018 43,770,478,130
2019 52,950,902,607
2020 43,645,923,273
2021 45,144,606,258
Q1 2021 10,522,406,387
Q1 2022 12,770,823,625
2022 ?????
2023 ?????
2024 ?????
2025 ?????
2026 ?????
Cost of Merchandise Sales
2015 16,891,590,340
2016 21,361,119,960
2017 23,776,474,291
2018 27,911,183,499
2019 34,368,460,873
2020 28,783,351,394
2021 29,656,633,373
Q1 2021 6,939,518,570
Q1 2022 8,513,755,086
2022 ?????
2023 ?????
2024 ?????
2025 ?????
2026 ?????

Please show computations to better understand as I have no background in accounting.

thanks so much.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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_2

Step: 3

blur-text-image_3

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

Educational Foundations

Authors: Leslie Kaplan, James D Stice, William Owings

2nd Edition

1285968298, 9781285968292

More Books

Students also viewed these Accounting questions