The table below shows annual demand (in 1,000 units per year) for Widjets (they're like Widgets, only faster). Use this information to calculate a constant growth forecasting model. Use your growth model to forecast demand for the years 1996 and 2001.
$$\begin{array} { c c }
\text { Year } & \text { Demand } \
1990 & 1.0 \
1991 & 1.4 \
1992 & 1.5 \
1993 & 1.7
\end{array}$$

Question

The table below shows annual demand (in 1,000 units per year) for Widjets (they're like Widgets, only faster). Use this information to calculate a constant growth forecasting model. Use your growth model to forecast demand for the years 1996 and 2001.
 $$\begin{array} { c c } 
\text { Year } & \text { Demand } \
1990 & 1.0 \
1991 & 1.4 \
1992 & 1.5 \
1993 & 1.7
\end{array}$$

Quizplus · Accepted Answer

The Answer of The table below shows annual demand (in 1,000 units per year) for Widjets (they're like Widgets, only faster). Use this information to calculate a constant growth forecasting model. Use your growth model to forecast demand for the years 1996 and 2001.
 $$\begin{array} { c c } 
\text { Year } & \text { Demand } \
1990 & 1.0 \
1991 & 1.4 \
1992 & 1.5 \
1993 & 1.7
\end{array}$$

The Table Below Shows Annual Demand (In 1,000 Units Per Year Demand 19901.019911.419921.519931.7\begin{array} { c c } \text { Year } & \text { Demand } \\1990 & 1.0 \\1991 & 1.4 \\1992 & 1.5 \\1993 & 1.7\end{array} Year 1990199119921993​ Demand 1.01.41.51.7​

The Table Below Shows Annual Demand (In 1,000 Units Per $\begin{array} { c c } \text { Year } & \text { Demand } \\1990 & 1.0 \\1991 & 1.4 \\1992 & 1.5 \\1993 & 1.7\end{array}$