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The arithmetic average growth rate in sales is 6%, the geometric average growth rate in sales is 5% and the regression equation to estimate sales
The arithmetic average growth rate in sales is 6%, the geometric average growth rate in sales is 5% and the regression equation to estimate sales is Sales = 50 + 15(T). In 2016 (T = 19), sales were 335. What is forecasted sales for 2017 using the regression equation? 355 335 352 350
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