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Emily,a Custom Homebuilder,observes That the Last Year's Sales Were $1,500,000

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Emily,a custom homebuilder,observes that the last year's sales were $1,500,000 and the sales growth rate for the past several years has been averaging 10 percent.On that basis,Emily predicts that this year's sales should be $1,650,000.Emily is using the method of trend analysis for forecasting sales.

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