Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose a firm has had the following historic sales figures. Year: 2009 2010 2011 2012 2013 Sales $ 4,200,000 $ 5,450,000 $ 4,100,000 $ 3,700,000
Suppose a firm has had the following historic sales figures. |
Year: | 2009 | 2010 | 2011 | 2012 | 2013 | ||||||||||
Sales | $ | 4,200,000 | $ | 5,450,000 | $ | 4,100,000 | $ | 3,700,000 | $ | 4,300,000 | |||||
What would be the forecast for next years sales using the average approach? |
Next years sales | $ |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started