Question: 4. The sides data over the last 10 yours for the Acme Hardware Store are as follows: 2003 $230,000 2008 $526,000 2001 276,000 2009 605

4. The sides data over the last 10 yours for the Acme Hardware Store are as follows: 2003 $230,000 2008 $526,000 2001 276,000 2009 605 000 2005 328.000 2010 690/000 2006 388 000 2011 7791000 2007 158 000 2012 873.000 a. Calculate the compound growth rate for the period of 2003 to 2012. b. Based on your answer to part a, forecast sales for both 2013 and 2014. c. Now calculate the compound growth rate for the period of 2007 to 2012. d. Based on your answer to part c forecast sales for both 2013 and 2014. e. What is the major reason for the differences in your answers to paris b and d? If you were to make your own projections, what would you foreest? (Drawing a graph is very helpful)
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