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Suppose a firm has had the following historic sales figures. Year: 2016 2017 2018 2019 2020 Sales $4,000,000 $5,250,000 $3,900,000 $3,500,000 $4,100,000 What would be
Suppose a firm has had the following historic sales figures.
Year: | 2016 | 2017 | 2018 | 2019 | 2020 |
Sales | $4,000,000 | $5,250,000 | $3,900,000 | $3,500,000 | $4,100,000 |
What would be the forecast for next years sales using the nave approach?
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