$In$ the year $1999,$ Ford Motor $Co.$ anticipated a future $in$ hybrid electric cars and committed $to$

serving this market. $In$ planning production and marketing effort, Ford wanted market forecasts

over the next $10$ years $(2000-2009).In$ this exercise you are $to$ use the Bass model $to$ generate

forecasts $of$ sales $asifit$ were $1999.$ Then, you are $to$ update your forecasts $asifit$ were $2006$

with knowledge $of$ actual sales $upto$ that point.