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A first-order autoregressive model for stock sales is:
Salesi = 800 + 1.2(Sales)i-1
If sales in 2008 is 6000,the forecast of sales for 2009 is ________.
Idea Generation
The process of coming up with, refining, and disseminating fresh ideas.
Strategy
A plan of action designed to achieve a long-term or overall aim.
Effectuating Approach
A strategic framework used in entrepreneurship that focuses on using available resources and means to achieve new goals, rather than setting goals first and then seeking resources.
Entrepreneur
An individual who creates, launches, and manages a new business venture, often taking on significant financial risks.
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