Question

In: Finance

I don't really understand how to estimate revenue. I have been given revenues from previous years...

I don't really understand how to estimate revenue. I have been given revenues from previous years and I am being asked to estimate the revenue for FY2020 and explain my rationale. Please help thank you! Please show all relevant work so I can understand how you got to the answer. Thank you!

PS: if possible please use regression including a graph.

Year Revenue Collections
2002 $                      329,687
2003 $                      384,829
2004 $                      378,109
2005 $                      447,858
2006 $                      523,845
2007 $                      621,253
2008 $                      824,460
2009 $                      739,140
2010 $                      821,729
2011 $                  1,035,700
2012 $                      901,902
2013 $                      867,344
2014 $                      857,415
2015 $                      885,966
2016 $                      963,744
2017 $                  1,141,337
2018 $                  1,201,877
2019 $                  1,116,045
2020

Solutions

Expert Solution

regression equation is

y= 48570x+ 318766

Forecast for 2020 = 48570*19+ 318766 =

1241596.00

WORKINGS


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