a cosmetics manufacturer’s marketing department has developed a linear trend equation that can be used to predict annual sales of its popular hand

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08-09-2022
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a cosmetics manufacturer’s marketing department has developed a linear trend equation that can be used to predict annual sales of its popular hand

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AnnuG AnnuG · Answer 1 · 2022-09-15T09:34:56+02:00

The marketing division of a cosmetics firm has created a linear trend equation that may be used to forecast yearly sales of its well-known Hand & Foot Cream. Ft = Annual Sales (000 bottles), and t = 0 corresponds to 1990 a. Ft = 80 + 15t

A trend equation is an equation created to determine the anticipated level of output based on the sales' historical trend as determined by the data that is now available. The marketing division of a cosmetics business has created a linear trend equation that may be used to forecast yearly sales of its well-known Hand & Foot Cream.

Ft =80+14t

Where

Ft Annual Sales Forecast (bottles)

1990 is represented by t= 0.

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