n Colorado, sales of medical marijuana began in November 2012; however, the Department of Revenue did not report tax collection data until February of 2014. The accompanying data file includes monthly revenue from medical and retail marijuana tax and fee collections as posted in the Colorado state accounting system. Use the linear trend model (no seasonality) to forecast the tax revenue for November and December of 2018. Date Revenue February/14 3,519,756 March/14 4,092,575 April/14 4,980,992 May/14 5,273,355 June/14 5,715,707 July/14 6,522,085 August/14 7,407,450
In Colorado, sales of medical marijuana began in November 2012; however, the Department of Revenue did not report tax collection data until February of 2014. The accompanying data file includes monthly revenue from medical and retail marijuana tax and fee collections as posted in the Colorado state accounting system. Use the linear trend model (no seasonality) to
Date Revenue
February/14 3,519,756
March/14 4,092,575
April/14 4,980,992
May/14 5,273,355
June/14 5,715,707
July/14 6,522,085
August/14 7,407,450
September/14 7,741,167
October/14 7,232,870
November/14 7,642,800
December/14 7,465,568
January/15 8,558,141
February/15 8,802,295
March/15 9,099,395
April/15 9,979,643
May/15 10,617,311
June/15 11,326,452
July/15 10,856,584
August/15 12,811,437
September/15 13,181,758
October/15 11,656,736
November/15 11,290,012
December/15 12,231,410
January/16 13,247,434
February/16 12,466,617
March/16 14,195,923
April/16 13,097,298
May/16 17,183,162
June/16 14,482,648
July/16 16,823,849
August/16 17,574,149
September/16 19,145,992
October/16 19,266,922
November/16 18,425,864
December/16 17,694,953
January/17 18,164,787
February/17 17,723,858
March/17 17,550,692
April/17 22,867,587
May/17 18,563,939
June/17 19,662,464
July/17 20,437,751
August/17 23,775,043
September/17 23,235,507
October/17 23,098,408
November/17 21,076,993
December/17 21,211,445
January/18 21,681,438
February/18 21,134,864
March/18 20,871,820
April/18 22,947,141
May/18 22,367,707
June/18 21,928,692
July/18 22,963,778
August/18 23,044,818
September/18 23,770,397
October/18 22,589,679
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