Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started