{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T06:36:11-04:00", "answer_date": "2024-06-28 06:36:11", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4253652", "url": "\/study-help\/questions\/average-sales-forecast-lg153-formula-actual-forecast-actual-suppose-4253652", "question_creation_date_js": "2024-06-28T06:36:11-04:00", "question_creation_date": "Jun 28, 2024 06:36 AM", "meta_title": "[Solved] Average Sales Forecast (LG15-3) Formula: | SolutionInn", "meta_description": "Answer of - Average Sales Forecast (LG15-3) Formula: Actual - Forecast Actual Suppose a firm has had the following historic sales | SolutionInn", "meta_keywords": "average,sales,forecast,lg15-3,formula,actual,-,firm,historic,figures,year,2012", "question_title_h1": "Average Sales Forecast (LG15-3) Formula: Actual - Forecast Actual Suppose a firm has had the following historic sales figures. Year: 2012 2013 2014 2015 2016", "question_title": "Average Sales Forecast (LG15-3) Formula: Actual - Forecast Actual Suppose a firm", "question_title_for_js_snippet": "Average Sales Forecast (LG15 3) Formula Actual Forecast Actual Suppose a firm has had the following historic sales figures Year 2012 2013 2014 2015 2016 Sales $2,500,000 $3,750,000 $2,400,000 $2,000,000 $2,600,000 What would be the forecast for next year's sales using the average approach ", "question_description": "

Average Sales Forecast (LG15-3)<\/strong><\/p>

<\/p>

Formula: Actual - Forecast<\/u><\/strong><\/p>

Actual <\/p>

<\/p>

Suppose a firm has had the following historic sales figures.<\/p>

<\/p>

Year: 2012 2013 2014 2015 2016<\/p>

Sales $2,500,000 $3,750,000 $2,400,000 $2,000,000 $2,600,000<\/p>

<\/p>

What would be the forecast for next year's sales using the average approach?<\/p>", "transcribed_text": "", "related_book": { "title": "Elementary Statistics", "isbn": "0321836960, 978-0321836960", "edition": "12th Edition", "authors": "Mario F. Triola", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/450.jpg", "uri": "\/textbooks\/elementary-statistics-12th-edition-450", "see_more_uri": "" }, "free_related_book": { "isbn": "1017520518", "uri": "\/textbooks\/fairs-past-and-present-a-chapter-in-the-history-of-commerce-1st-edition-978-1017520514-277265", "name": "Fairs Past And Present A Chapter In The History Of Commerce", "edition": "1st Edition" }, "question_posted": "2024-06-28 06:36:11", "see_more_questions_link": "\/study-help\/questions\/business-human-resource-management-2020-May-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/explain-the-interactions-among-end-user-data-information-and-decisionmaking", "description": "Explain the interactions among end user, data, information, and decision-making. Draw a diagram and explain the interactions.", "stars": 3 }, { "url": "\/study-help\/theory-of-probability\/48-suppose-that-we-want-to-predict-the-value-of-1982835", "description": "48. Suppose that we want to predict the value of a random variable X by using one of the predictors Y1,..., Yn, each of which satisfies E[Yi|X] = X. Show that the predictor Yi that minimizes E[(Yi ...", "stars": 3 }, { "url": "\/carbon-disulfide-key-component-in-the-manufacture-of-rayon", "description": "Carbon disulfide, a key component in the manufacture of rayon fibers, is produced in the reaction between methane and sulfur vapor over a metal oxide catalyst: CH4 (g) + 4 S (v) CS2 (g) + 2 H2S (g)...", "stars": 3 }, { "url": "\/study-help\/questions\/question-3-30-marks-72-minutes-stablished-pancasila-berhad-a-9861077", "description": "QUESTION 3 (30 MARKS: 72 MINUTES) stablished Pancasila Berhad, a company involved in providing business consultation services in June 2019. Follows are all transactions incurred in the said month....", "stars": 3 }, { "url": "\/study-help\/questions\/warren-marina-owns-a-large-marina-that-contains-numerous-boat-838051", "description": "Warren Marina owns a large marina that contains numerous boat slips of various sizes. Warren contracts with boat owners to provide slips to house the customers' boats. Lucky Fisher Fleet contracted...", "stars": 3 }, { "url": "\/study-help\/questions\/an-automaker-entered-the-marketplace-with-a-car-to-compete-1056930", "description": "An automaker entered the marketplace with a car to compete with two other brands already in that market. In the first month after introduction, the new entry got 355 sales of a random sample of 1000...", "stars": 3 }, { "url": "\/study-help\/questions\/how-to-find-if-any-no-is-divisble-by-4-9442264", "description": "How to find if any no. is divisble by 4 or not ?", "stars": 3 }, { "url": "\/study-help\/questions\/explain-the-pascals-law-9442286", "description": "Explain the Pascals Law ?", "stars": 3 }, { "url": "\/study-help\/questions\/a-report-lo8-on-united-nation-following-issues-1-brief-1027937", "description": "A report (LO8) on United Nation following issues: 1- Brief introduction to the organisation and sector it operates in, including a summary of the past 3 years' revenue (2020 to 2022), operating...", "stars": 3 }, { "url": "\/study-help\/questions\/what-are-the-objectives-of-performance-appraisal-9442299", "description": "What are the objectives of performance appraisal ?", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/what-is-the-assumption-when-using-cost-accounting-a-it-4253651", "next": "\/study-help\/questions\/you-are-trying-to-evaluate-the-economics-of-purchasing-an-4253653" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Average Sales Forecast (LG15-3) Formula: Actual - Forecast Actual Suppose a firm", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/average-sales-forecast-lg153-formula-actual-forecast-actual-suppose-4253652" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }} }