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Vitek1552 [10]
3 years ago
10

Connor Corp. has large amount of data that they are trying to analyze from the last 15 years. They have an arithmetic sales grow

th average of 12% and a geometric average growth of 9%. Using Blume’s formula, what would the forecast sales growth be for the next five years?
Business
1 answer:
viva [34]3 years ago
3 0

Answer: sale growth rate = 10.82%

Explanation:

blume's formula = ((t - 1)/(n - 1 )) x arithmetic r + geometric r x (n - t)/(t - 1)

blume formula =  ((5 -1 )/(15 - 1)) x 0.09 + 0.12 x (15- 5)/ (5 - 1)

Blume formula = 10.82%

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