b. The following table shows the number of televisions sold over the last ten years at a local electronic store. YEAR 1 2 3 4 5 6 7 8 9 10 TV SALES 150 300 480 600 630 640 700 825 900 980 i. Using trend projection, develop a formula to predict sales for years 11 and 12. You have to show all working. You will need to develop a table to calculate the slope and the intercept. ii. Use that formula to forecast television sales for years 11 and 12.
b. The following table shows the number of televisions sold over the last ten years at a local electronic store. YEAR 1 2 3 4 5 6 7 8 9 10 TV SALES 150 300 480 600 630 640 700 825 900 980 i. Using trend projection, develop a formula to predict sales for years 11 and 12. You have to show all working. You will need to develop a table to calculate the slope and the intercept. ii. Use that formula to forecast television sales for years 11 and 12.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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