Final answer:
The trend projection method (regression) can be used to forecast sales based on historical data. We can develop a forecast for the sales of Volkswagen Beetles in Nevada through year 6 using this method.
Step-by-step explanation:
Trend Projection Method for Forecasting Sales
The trend projection (regression) method is a mathematical technique used to forecast future sales based on historical data. In this case, we will use the trend projection method to develop a forecast for the sales of Volkswagen Beetles in Nevada through year 6.
To do this, we need historical data on the sales of Volkswagen Beetles in Nevada over a period of time. We can then use regression analysis to find a trend line that represents the relationship between time (in years) and sales. Once we have the trend line equation, we can use it to make predictions about future sales.
For example, if the trend line equation is y = 100 + 20x, where y represents sales and x represents years, we can substitute x=6 into the equation to find the predicted sales for year 6.
Using the trend projection method, we will be able to forecast the sales of Volkswagen Beetles in Nevada through year 6.