The manager of a consulting firm developed a time-series model,…

Question Answered step-by-step The manager of a consulting firm developed a time-series model,… The manager of a consulting firm developed a time-series model, with an exponential trend, to forecast its sales revenue in future years, using annual data of its sales revenues during the 10-year period from 2012 to 2021. The following is the resulting trend forecasting equation:log10  = 1.278 + 0.014 Xwhere       is the estimated annual sales revenue in million dollars.      X is the coded yearly value with X = 0 in the year 2012.    Determine a forecast for 2022 using the above trend forecasting equation. Show your workings.What is the estimated annual compound growth rate in sales revenue? Show your workings. Math Statistics and Probability MIS770 – F MIS 770 Share QuestionEmailCopy link Comments (0)

Leave a Comment

Your email address will not be published. Required fields are marked *