Question: Develop a trend equation for the net sales ($ million) for Home Depot. Consider both a linear trend and a nonlinear trend. Which one would

Develop a trend equation for the net sales ($ million) for Home Depot. Consider both a linear trend and a nonlinear trend. Which one would you select and why? Given the trend equation you selected, forecast the net sales for 2016 and 2017.

Assoclates Net Sales Mean Amount ($ milllon) per Transaction Year Time (000) CPI 50.6 1993 39.13 9,239 144.500 41.29 199

Assoclates Net Sales Mean Amount ($ milllon) per Transaction Year Time (000) CPI 50.6 1993 39.13 9,239 144.500 41.29 1994 2 67.3 12,477 148.200 152.400 1995 3 80.8 15,470 41.78 1996 98.1 19,535 42.09 156.900 1997 124.4 24,156 43.63 160.500 156.7 1998 30,219 45.05 163.000 47.87 1999 201.4 38,454 166.000 45,738 2000 8. 227.3 48.65 172.200 2001 53,553 48.64 256.3 177.100 280.9 49.43 2002 10 58,247 179.900 2003 11 298.8 64,816 51.15 184.000 2004 12 323.1 73,094 54.89 188.900 2005 13 344.8 81,511 57.98 195.300 2006 14 364.4 79,022 58.90 201.600 331.0 2007 15 77,349 57.48 207.342 322.0 2008 16 71,288 55.61 215.303 2009 17 317.0 66,176 51.76 214.537 2010 18 321.0 67,997 51.93 218.056 2011 224.939 19 331.0 70,395 53.28 54.89 2012 20 340.0 74,754 229.594 2013 21 365.0 78,812 56.76 232.957 83,176 2014 22 371.0 57.87 236.736 2015 23 385.0 88,519 58.77 237.017

Step by Step Solution

★★★★★

3.38 Rating (173 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The linear trend line for net sales is Y 14185 3470t The logarithmic trend li... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (2 attachments)

1511_605d88e13a1ea_675672.pdf

180 KBs PDF File

1511_605d88e13a1ea_675672.docx

120 KBs Word File

Students Have Also Explored These Related Statistical Techniques in Business Questions!

The number of new contributors to a public radio station's annual fund drive over the last ten years is: 63, 58, 61, 72, 98, 103, 121, 147, 163, 198 Develop a trend equation for this information, and...

Consider the following two investment alternatives given in Table P5.53. The firm's MARR is known to be 15%. (a) Compute PW( 15%) for project A1. (b) Compute the unknown cash flow X in years 2 and 3...

Lakeside Slammers Inc. is a minor league baseball organization that has just completed its first season. You and three other investors organized the corporation; each put up $10,000 in cash for...

6.1. Carbondale Company has the following credit policy 2/10, net 30. Carbondale also charges 1% per month interest on all accounts after 30 days. The following table shows the collection schedule of...

8.1. Dulles Electric Company buys 1 million tons of coal annually to burn at its power plant. The company wants to invest in a unit train that will haul coal from the mine to the power house, where...

Supply Chain Management Introduction Outline What is supply chain management? Significance of supply chain management. Push vs. Pull processes utdallas.edu/~metin 1 A Generic Supply Chain Sources:...

Suppose that you have the following interest rates: Spot rate Forward rate Maturity (Years) 1 2 3 4 5 8.00 8.75 9.33 9.79 10.13 Expected future single year spot rate Plot the yield curve based on...

Monterey Co. makes and sells a single product. The current selling price is $15 per unit. Variable expenses are $9 per unit, and fixed expenses total $27,000 per month. Required: (Unless otherwise...

The forces shown form a couple. Replace the shown couple with an equivalent couple acting at points A and B .

=+Suppose that the two coupons analyzed were for shirts instead of pants. What would the budget constraints look like?

The U.S. Dairy Industry wants to estimate the mean yearly milk consumption. A sample of 16 people reveals the mean yearly consumption to be 60 gallons with a standard deviation of 20 gallons. Assume...

The owner of the West End Kwick Fill Gas Station wishes to determine the proportion of customers who use a credit card or debit card to pay at the pump. He surveys 100 customers and finds that 80...

Ms. Maria Wilson is considering running for mayor of the town of Bear Gulch, Montana. Before completing the petitions, she decides to conduct a survey of voters in Bear Gulch. A sample of 400 voters...

Valuation is the analytical process of establishing the worth of an asset or a business. There are many techniques used for doing a valuation. We look at two: stock valuation and bond valuation.\ \...

I need help with these questions Suppose that over a certain region of space the electrical potential V is given by V(x. y. 2) = 7r - Ary + ryz. Find the rate of change of the potential at P(1. 3, 7)...

Week 9 * Question Completion Status: Week 10 Week 11 Which of the following are characteristics of the normal distribution O A. It is bell-shaped Week 12 O B. It extends indefinitely in each...