Explore BrainMass
Share

Explore BrainMass

    compound growth rate

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    The sales data for the Lonestar Sports Apparel Company for the last 12 years as follows:

    1996 $400,000 2002 $617,000
    1997 $440,000 2003 $654,000
    1998 $480,000 2004 $700,000
    1999 $518,000 2005 $756,000
    2000 $554,000 2006 $824,000
    2001 $587,000 2007 $906,000

    a. What are the 1996-2007 compound growth rates?
    b. Using the result obtained in part a, what is your 2008 projection?
    c. If you were to make your own projection, what would you forecast?

    © BrainMass Inc. brainmass.com October 10, 2019, 1:13 am ad1c9bdddf
    https://brainmass.com/economics/regression/compound-growth-rate-326178

    Solution Summary

    The compound growth rate is examined.

    $2.19