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What is the cagr over the sixteen-year period

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Reference no: EM132962712

The following are a company's sales for the last 16 years:

Year            Xylophone

1                  $230

2                 $573

3                $994

4               $1,683

5             $3,192

6            $6,140

7                $8,892

8             $13,586

9               $18,376

10             $29,476

11              $33,598

12             $44,208

13            $58,473

14             $96,368

15            $149,306

16             $209,397

Problem 1: Fit an exponential trend curve to the data and show the equation.

Problem 2: Calculate the projected sales in year 17 using the exponential equation.

Problem 3: What is the CAGR over the 16-year period?

Reference no: EM132962712

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