My sales revenue has grown from
$1,200,000 in 2012 to $1,500,000 in 2015.
Assuming that my sales revenue growth is linear, find the linear
equation for my sales. What will be my
projected sales in 2018?
Thank you for the opportunity to help you with your question!
slope = 300000/3= 100000
1500000 = 100000*3+C
y intercept = 1200000 [Assuming 2012 to be the base year.
So, linear equation of sales => y = 100000*(x-2012)+1200000 [Where x and y are actual years.
So projected sales in 2018,
y = 100000*(2018-2012)+1200000
sales = $1,800,000
What does C stand for?
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