forcast

9. The following table shows annual sales data for Stuff Happens, Inc., over the ten-year 1998-2008 period: Year Sales ($ Millions) 1998 $2.0 1999 2.2 2000 2.4 2001 2.6 2002 2.8 2003 3.0 2004 3.2 2005 3.5 2006 3.8 2007 4.1 2008 4.3 A. Calculate the 1998-2008 growth rate in sales using the constant rate of change model with annual compounding. B. Calculate the 1998-2008 growth rate in sales using the linear model C. Forecast sales for the years 2011 and 2013 under the two models. Comment.

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