The number of widgets (in thousands) sold over the sales quarters at the turn of the century
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Question:
The number of widgets (in thousands) sold over the sales quarters at the turn of the century showed to be:
Q4 - 2000 - 1.0
Q1 - 2001 - 1.8
Q2 - 2001 - 3.5
Q3 - 2001 - 6.0
Q4 - 2001 - 11.0
Q1 - 2002 - 13.0
Q2 - 2003 - 18.0
1. Calculate the geometric mean growth rate by quarter
2. Given the geometric mean growth rate, what would you expect (e.g. would have forecasted) Q3 2003 to be?
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