Help needed - Sales Projection Equation

mathsukbased

New member
Joined
May 22, 2017
Messages
1
Hey guys,

I've been given an equation that will forecast sales and i need to work out the sales for each week. The formula is below, do i multiply 1.8 by the number or to the power of the number? i.e. if t = 3 would i do 1.8 x 3 or 1.8 to the power of 3?

Sales = 90 x (1.8)^t (t is little)

t = the week number

Please let me know if you need more info

Thank you for any help at all
 

HallsofIvy

Elite Member
Joined
Jan 27, 2012
Messages
5,117
Hey guys,

I've been given an equation that will forecast sales and i need to work out the sales for each week. The formula is below, do i multiply 1.8 by the number or to the power of the number? i.e. if t = 3 would i do 1.8 x 3 or 1.8 to the power of 3?

Sales = 90 x (1.8)^t (t is little)
Yes, the "^t" means "take the t power of 1.8". If t= 3 that would be 90 time 1.8 to the third power: 90*1.8*1.8*1.8.

t = the week number

Please let me know if you need more info

Thank you for any help at all
 
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