The sales data for the Lonestar Sports Apparel Company for the last 12 years are as follows:
Question:
a. What is the 2001-2012 compound growth rate?
b. I sing the result obtained in part a, what is your 2013 projection?
c. If you were to make your own projection, what would you forecast?
Transcribed Image Text:
2001 2002 2003 2004 2005 2006 $400,000 440,000 480,000 518,000 554,000 587,000 2007 2008 2009 2010 2011 2012 $617,000 654,000 700,000 756,000 824,000 906,000
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a 77 b 906000 x 1077 975762 c Annual growth rates appear to decrease at first then increase ...View the full answer
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Related Book For
Managerial Economics
ISBN: 978-0133020267
7th edition
Authors: Paul Keat, Philip K Young, Steve Erfle
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