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Example 18.14 The linear trend of sales of a company is Rs 6,50,000 in 1995 and it rises by Rs 16,500 per year. (i) Write down the trend equation. (ii) If the company knows that its sales in 2002 will be 10 percent below the forecasted trend sales. find its expected sales in 2002.

Example 18.14 The linear trend of sales of a company is Rs 6,50,000 in 1995 and it rises by Rs 16,500 per year. (i) Write down the trend equation. (ii) If the company knows that its sales in 2002 will be 10 percent below the forecasted trend sales. find its expected sales in 2002.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Statistics: Forecasting

Example 18.14 The linear trend of sales of a company is Rs 6,50,000 in 1995 and it rises by Rs 16,500 per year. (i) Write down the trend equation. (ii) If the company knows that its sales in 2002 will be 10 percent below the forecasted trend sales, find its expected sales in 2002.
Transcribed Image Text:Example 18.14 The linear trend of sales of a company is Rs 6,50,000 in 1995 and it rises by Rs 16,500 per year. (i) Write down the trend equation. (ii) If the company knows that its sales in 2002 will be 10 percent below the forecasted trend sales, find its expected sales in 2002.
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