Wheels Incorporated, a bicycle manufacturer, is developing a sales forecast for the coming year.A plot of past years' sales data is shown below: Considering the graph above, it would be advisable for Wheels to disregard all of the data before 1974 and base their forecasts on subsequent data only.

Question

Wheels Incorporated, a bicycle manufacturer, is developing a sales forecast for the coming year.A plot of past years' sales data is shown below:   Considering the graph above, it would be advisable for Wheels to disregard all of the data before 1974 and base their forecasts on subsequent data only.

Quizplus · Accepted Answer

Based on the graph, it appears that there was a significant increase in sales starting in 1974. Therefore, it would be advisable for Wheels to focus on more recent data when making sales forecasts.

Wheels Incorporated, a Bicycle Manufacturer, Is Developing a Sales Forecast