problem 3 rem 0
R.E.M. has been a leading band since 1981. After performing for 10 years, their sales skyrocketed with their seventh album, Out of Time, which featured the hit single, “Losing My Religion.”
Here are the worldwide sales figures of their albums since that time
Year Title Worldwide Sales (Millions)
1991 Out of Time 13
1992 Automatic for the People 18
1994 Monster 10
1996 New Adventures in Hi Fi 5.5
1998 Up 3
2001 Reveal 4
2003 Best of R.E.M. 5
2004 Around the Sun 2
a. Based on this information, what sales figure would you forecast for the next R.E.M. album?
b. What forecasting method makes sense in this instance?
c. What are some of the variables that go into album sales?
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