You just graduated from Harvard and have been hired by Black Hook Incorporated, a producer of high quality fishing lures and other fishing equipment. Part of your new job is to produce a sales forecast for Year 6, assuming that Year 5 just ended. 

Using the following information, what is the sales forecast for Year 6 using the weighting method?

Year       Sales           Weight

1             $545,000        .3

2            $997,000          .1

3             $625,000         .2

4             $392,000          .1

5              $498,000          .3 

6                   ?                  1.0

Answer rating: 100% (QA)

Weighted Average from year 1 to 5 Sales Year 1 Weight Year 1 Sales Year 2 Weight Year 2 ... View the full answer