Essay
Based on annual data from 2000-2010,the Gadget Company estimates that sales are growing according to a linear trend:
Q = 50,000 + 200t
where t is time and t = 0 in 2000.
a.Forecast sales for 2013.
b.Do you see any problems with this forecasting method?
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a.52,600 b.The equation is based on data...View Answer
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