The arithmetic average growth rate in sales is 6%, the geometric average growth rate in sales is

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The arithmetic average growth rate in sales is 6%, the geometric average growth rate in sales is 5% and the regression equation to estimate sales is Sales = 50 + 15(T). In 2016 (T=19), sales were 335.

What is forecasted sales for 2017 using the arithmetic average?

350

335

352

355

What is forecasted sales for 2017 using the regression equation?

352

335

350

355

Related Book For answer-question

Statistics for Business Decision Making and Analysis

ISBN: 978-0134497167

3rd edition

Authors: Robert A. Stine, Dean Foster

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Posted Date: Jan 15, 2021 09:36 PM

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The arithmetic average growth rate in sales is 6%, the geometric average growth rate in sales is

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Sales in 2017 is computed ... View the full answer

Statistics for Business Decision Making and Analysis

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