The sales data over the last 10 years for the Acme Hardware Store are as follows:
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a. Calculate the compound growth rate for the period of 2003 to 2012. b. Based on your answer to part a, forecast sales for both 2013 and 2014. c. Now calculate the compound growth rate for the period of 2007 to 2012. d. Based on your answer to part c, forecast sales for both 2013 and 2014. e. What is the major reason for the differences in your answers to parts b and d? If you were to make your own projections, what would you forecast? (Drawing a graph is very helpful.)