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Suppose a firm has had the following historic sales figures. Year: 2 0 1 6 2 0 1 7 2 0 1 8 2 0

Suppose a firm has had the following historic sales figures.

Year:

2016 2017 2018 2019 2020

Sales $

3, 100, 000

3, 350, 000

3, 000, 000

3, 600, 000

3, 200, 000

What would be the forecast for next year

s sales using the na

ve approach?

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