Question: 6) These are the collections from a state liquor excise tax for a number of years. There have been no changes in the structure or
6) These are the collections from a state liquor excise tax for a number of years. There have been no changes in the structure or administration of the tax in that period of time. Collections are in thousands of dollars, and fiscal years end on June 30. Your job is to forecast collections for fiscal years 2017 and 2018. It is a minor source of revenue to the state, so use of causal economic modeling is not likely to be seen as worthwhile.
2006: 144,990
2007: 153,831
2008: 162,083
2009: 170,469
2010: 193,181
2011: 195,179
2012: 212,501
2013: 223,036
2014: 239,494
2015: 245,693
Please explain your answer. I am very confused on this.
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