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result, consumer buying power and the general standard of living increased, giving rise to an increased spending on personalconsumption. Ireland experienced a strong and rising level of aggregate demand, increasing overall household consumption between 1993 and 1999. The dramatic rise in the national income and spending on personalconsumption during the 1990s strengthened domestic demand for all kinds of Irish-produced consumer goods ( McCoy et al., 2001 ); for example, during this period, the number of cars registered in Ireland increased by 40% ( Powell, 2003
metrics used to measure the growth of a product. Polli and Cook (1969) expressed concern that treating change in absolute sales volume directly as an indicator in the model may be problematic, since a lot of factors affect sales, including population growth and personalconsumption levels. Hence, they proposed an adjusted sales indicator to offset various irrelevant factors. Seasonal sales variations also have an impact on consumer demand, which may dramatically distort the PLC ( Kurawarwala & Matsuo, 1998 ). Another issue, one mentioned above, is that accurate sales