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?

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Managerial Economics

ISBN: 978-0133020267

7th edition

Authors: Paul Keat, Philip K Young, Steve Erfle

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Question Posted: Jun 20, 2016 12:30 AM

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The sales data for the Lonestar Sports Apparel Company for the last 12 years are as follows:

Question:

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

Step by Step Answer:

a 77 b 906000 x 1077 975762 c Annual growth rates appear to decrease at first then increase ...View the full answer

Managerial Economics

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