Tim Gillespie Week 5 Sales Forecast

Tim Gillespie Week 5 Sales Forecast - 2013 $102,038.01 2014...

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Tim Gillespie Fin 440 Sales Forecast Year Sales (millions) Difference Growth Rate 1999 $38,434.00 2000 $45,738.00 $7,304.00 19% 2001 $53,553.00 $7,815.00 17% 2002 $58,247.00 $4,694.00 9% 2003 $64,816.00 $6,569.00 11% 2004 $73,094.00 $8,278.00 13% 2005 $77,019.00 $3,925.00 5% 2006 $79,022.00 $2,003.00 3% 2007 $77,349.00 $(1,673.00) -2% 2008 $71,288.00 $(6,061.00) -8% 10 year Growth Rate 7% Forecasted Sales 2009 $76,588.85 2010 $82,283.86 2011 $88,402.34 2012 $94,975.78
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Unformatted text preview: 2013 $102,038.01 2014 $109,625.37 2015 $117,776.91 2016 $126,534.59 2017 $135,943.48 2018 $146,051.99 The process that I used was to take the sales from one year and subtract the previous years sales. Then divide the difference by previous years sales to get growth rate. To forecast I took the previous years sales * 10 yr growth rate + previous years sales. The assumptions I made were pretty accurate....
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