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Sports Apparel Company Forecasting

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Forecasting: The sales data for the lone star Sports Apparel Company for the last 12 years are as follows:
2001 $400,000
2002 440,000
2003 480,000
2004 518,000
2005 554,000
2006 587,000
2007 617,000
2008 654,000
2009 700,000
2010 756,000
2011 824,000
2012 906,000

a. What is the 2001- 2012 compound growth rate?
b. Using the result obtained in part a, what is your 2013 projections?
c. If you were to make your own projections, what would you forecast?

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Solution Summary

This solution solves a problem based on forecasting using the compound annual growth rate and linear regression. The solution is provided in an Excel document.

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