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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;
- 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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