Question

The City of Kansas gets the number of deployed scooters in downtown over the last few quarters. Scooters in thousands.

1Q – 2018 - 3.0

2Q – 2018 - 3.5

3Q – 2018 - 7.0

4Q – 2018 – 12.0

1Q – 2019 - 21.0

a) Calculate the geometric mean growth rate by quarter. (10)

b) Given the geometric mean growth rate, what would you forecast as the 2Q 2019 number of scooters? (5)

Answer 1