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Forecasting: The sales data for the lone star Sports Apparel Company for the last 12 years are as follows:
2001 $400,0002002 440,0002003 480,0002004 518,0002005 554,0002006 587,0002007 617,0002008 654,0002009 700,0002010 756,0002011 824,0002012 906,000
Questions:
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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