Monthly sales for a company (in millions of dollars) for a 10year period
Question # 00004364
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Updated on: 12/02/2013 05:45 AM Due on: 12/02/2013
4. The file P14_04.xlsx lists the monthly sales for a company (in millions of dollars) for a 10year period.
a. Fit an exponential trend line to these data.
b. By what percentage do you estimate that the company will grow each month?
c. Why can't a high rate of exponential growth continue for a long time?
d. Rather than an exponential curve, what type of curve might better represent the growth of a new technology?

Rating:
5/
Solution: Solution for P14_04 part a, b , c & d