When forecasting future sales based on the most recent years's total revenue growing at a revenue growth rate of of 21.85%, with the following years... Year 1 Sales = 209,098,000,000 Year 2 sales = 101,975,000,000 Year 3 sales = 187,879,000,000 Are you calculating it as Year 1 = 209,098 million x .2185 + 209,098,000,000 Year 2 = Year 1 sales answer x .2185 + 101,975,000,000 Year 3 = Year 2 sales answers x .2185 + 187,879,000,000

When forecasting future sales based on the most recent years's total revenue growing at a revenue growth rate of of 21.85%, with the following years... Year 1 Sales = 209,098,000,000 Year 2 sales = 101,975,000,000 Year 3 sales = 187,879,000,000 Are you calculating it as Year 1 = 209,098 million x .2185 + 209,098,000,000 Year 2 = Year 1 sales answer x .2185 + 101,975,000,000 Year 3 = Year 2 sales answers x .2185 + 187,879,000,000

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 2E

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