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Anita Limited has shared their annual sales revenue over the last 6 financial years from 2015 to 2020. Year Sales ($ 000) 2015 4500 2016

Anita Limited has shared their annual sales revenue over the last 6 financial years from 2015 to 2020.

Year

Sales ($ 000)

2015

4500

2016

5100

2017

4900

2018

5400

2019

5670

2020

6000

You are required to;

  1. Using linear trend equation forecast the sales revenue of Anita Limited for 2021. (5 marks

b.Calculate the forecasted sales difference if you use 3-period weighted moving average designed with the following weights: 2018 (0.1), 2019 (0.3) and 2020(0.6).

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