The Coca-Cola Company had sales of $18,546 million in 1996 and $21,900 million in 2004. How would I use the Midpoint formula to estimate the sales in 1998, 2000, and 2002? Assume that the sales follow a linear pattern.
We know the following points:
If we find the midpoint of these points, it will be at the assumed point for the year
The midpoint formula is as follows:
This can be restated as simply finding the average of the
The midpoint of the two points we've already established:
Thus, the estimated sales in
We can use the same logic to find