Sales Forecast with Regression Analysis

GoPro Inc.

in USD'mil

Date USD'mil Quarter period (t) Q1 Q2 Q3 Forecast

3/31/2013 255.00 Q1 1 1 - - 251.34
6/30/2013 177.00 Q2 2 - 1 - 284.63
9/30/2013 192.00 Q3 3 - - 1 273.91
12/31/2013 361.00 Q4 4 - - - 467.20
3/31/2014 236.00 Q1 5 1 - - 248.61
6/30/2014 245.00 Q2 6 - 1 - 281.89
9/30/2014 280.00 Q3 7 - - 1 271.18
12/31/2014 634.00 Q4 8 - - - 464.46
3/31/2015 363.00 Q1 9 1 - - 245.88
6/30/2015 420.00 Q2 10 - 1 - 279.16
9/30/2015 400.00 Q3 11 - - 1 268.45
12/31/2015 437.00 Q4 12 - - - 461.73
3/31/2016 184.00 Q1 13 1 - - 243.14
6/30/2016 221.00 Q2 14 - 1 - 276.43
9/30/2016 241.00 Q3 15 - - 1 265.71
12/31/2016 541.00 Q4 16 - - - 459.00
3/31/2017 219.00 Q1 17 1 - - 240.41
6/30/2017 297.00 Q2 18 - 1 - 273.70
9/30/2017 330.00 Q3 19 - - 1 262.98
12/31/2017 335.00 Q4 20 - - - 456.27
3/31/2018 202.00 Q1 21 1 - - 237.68
6/30/2018 283.00 Q2 22 - 1 - 270.96
9/30/2018 286.00 Q3 23 - - 1 260.25
12/31/2018 377.00 Q4 24 - - - 453.54
3/31/2019 243.00 Q1 25 1 - - 234.95
6/30/2019 292.00 Q2 26 - 1 - 268.23
9/30/2019 131.00 Q3 27 - - 1 257.52
12/31/2019 528.00 Q4 28 - - - 450.80
3/31/2020 Q1 29 1 - - 232.21
6/30/2020 Q2 30 - 1 - 265.50
9/30/2020 Q3 31 - - 1 254.79
12/31/2020 Q4 32 - - - 448.07

Quarter Average Sales

Q1 243.14
Q2 276.43
Q3 265.71
Q4 459.00
 Forecast Model with Regression
700.00

600.00

500.00

400.00

300.00

200.00

100.00

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Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q

USD'mil Forecast

GoPro Revenue (historical)

700.00

600.00

500.00

400.00

300.00

200.00

100.00

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Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.7368508671
R Square 0.5429492004
Adjusted R Square 0.4634621048
Standard Error 87.485145145
Observations 28

ANOVA
df SS MS F Significance F
Regression 4 209117.8928571 52279.473214 6.8306584403 0.00089035835
Residual 23 176033.9642857 7653.6506211
Total 27 385151.8571429

Coefficients Standard Error t Stat P-value Lower 95%

Intercept 469.92857143 46.76277708092 10.049201539 6.967897E-10 373.192396736
period (t) -0.6830357143 2.066642298814 -0.330505049 0.7440102139 -4.9582110337
Q1 -217.90625 47.17198759689 -4.6193993745 0.0001201874 -315.48894114
Q2 -183.9375 46.94508879408 -3.9181414867 0.0006892122 -281.05081521
Q3 -193.96875 46.80842157893 -4.1438857252 0.000393337 -290.79934753
 Upper 95% Lower 95.0% Upper 95.0%
566.66474612 373.19239674 566.66474612
3.5921396052 -4.9582110337 3.5921396052
-120.32355886 -315.48894114 -120.32355886
-86.824184794 -281.05081521 -86.824184794
-97.138152469 -290.79934753 -97.138152469