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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 5100 2017
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
- Using linear trend equation forecast the sales revenue of Anita Limited for 2021.
- Calculate the forecasted sales difference if you use3-period weighted moving average designed with the following weights:2018 (0.1), 2019 (0.3) and 2020(0.6).
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