FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The arithmetic average growth rate in sales is 8%, the geometric average growth rate in sales is 7% and the regression equation to estimate sales

The arithmetic average growth rate in sales is 8%, the geometric average growth rate in sales is 7% and the regression equation to estimate sales is Sales = 75 + 15(T). In 2017 (T=20), sales were 375. What is forecasted sales for 2018 using the geometric average?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

=+c) Using technology, find the correlation of the data when the hybrid cards are not included with the others. Can you explain why it changes in that way?

Answered: 1 week ago

Question

★★★★★
Fenske Construction Company began operations on January 1, 2012, when it acquired $10,000 cash from the issuance of common stock. During the year, Fenske purchased $2,600 of direct raw materials and...

Answered: 1 week ago

Question

★★★★★
On December 31, 2022, Z Electronics Ltd., a seller of electronic products has the following balances: Cash balance per book of $5,350. Bank Statement Balance: $6,000. Comparing the cash balance as...

Answered: 1 week ago

Question

★★★★★
2 Explain a typical grievance procedure. 4 Explain the steps of a grievance process. Why do these steps exist?

Answered: 1 week ago

Question

★★★★★
A zinc die casting has a critical dimension of 7.500 in when it solidifies in the mold at its melting temperature because 7.500 in is the corresponding mold dimension. What is the value of this part...

Answered: 1 week ago

Question

★★★★★
One of your colleagues is planning on changing (ie. altering the numbers) his collected data to make the data "say" what he wants the data to state. His plan is to submit the abstract to a national...

Answered: 1 week ago

Question

★★★★★
Assume food delivery firms like Swiggy are making huge profits. Higher profits may attract the entry of new firms into the food delivery industry. Explain what could be the impact of entry on the...

Answered: 1 week ago

Question

★★★★★
"This problem has such a simple solution. Why are we spending so much time discussing this? I could have been finishing my work instead of wasting my time here," thought Lamar while attending a...

Answered: 1 week ago

Question

★★★★★
Time Dilation: An astronaut travels at a speed of 0.95c away from Earth. The astronaut sends a light signal back to Earth every 1.0 s, as measured by her clock. An observer on Earth notes that these...

Answered: 1 week ago

Previous Question Next Question