Question
Suppose a firm has had the following historic sales figures. Year Sales 2012 $3, 200, 000 2013 $4, 450, 000 2014 $3, 100, 000 2015
Suppose a firm has had the following historic sales figures.
Year Sales
2012 $3, 200, 000
2013 $4, 450, 000
2014 $3, 100, 000
2015 $2, 700, 000
2016 $3, 300, 000
What would be the forecast for next year's sales using the nave approach?
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
