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About the data

By Furniture Today Staff -- Furniture Today, December 26, 2004

Furniture/Today market research worked with Easy Analytic Software Inc. (EASI) to develop sales estimates and projections for U.S. furniture and bedding sales. 2004 sales estimates for each product category (reported on pages 23 to 47) were developed by Furniture/Today market research based on data available through November 2004 and are subject to revision as additional data become available. Major revisions in overall consumer spending figures from the Department of Commerce make comparisons with prior years' reports impossible. Current estimates are based on information from the Department of Commerce, the International Trade Commission, sales estimates from manufacturers and retailers, Furniture/Today's Consumer Buying Trends Survey, Upholstery and Case Goods Style surveys, the Furniture Store Performance Report and discussions with industry executives and analysts.

Segment figures were aggregated by F/T and statisticians at EASI. EASI matched demographic data (for example, age and income) gathered by Furniture/Today's Consumer Buying Trends survey against other data sources, such as the Bureau of the Census, the Department of Justice, the National Center for Education Statistics and the Department of Labor, using a series of statistical models to develop estimates by metro markets. EASI's highly accurate models are regression curves based upon a variety of factors designed to forecast changes that include growth and the interrelationship of variables.

EASI's projections for 2009 are designed to forecast the changes that statistically adjust for household income, age by race and sex, group quarter population, births and deaths among numerous other updating and forecasting issues. Spending forecasts assume a national rate of inflation that does not vary from one location to another.

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