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Suppose a firm has had the following historic sales figures. Year: 2012 2013 2014 2015 2016 Sales $3,300,000 $4,550,000 $3,200,000 $2,800,000 $3,400,000 What would be
Suppose a firm has had the following historic sales figures.
Year: | 2012 | 2013 | 2014 | 2015 | 2016 |
Sales | $3,300,000 | $4,550,000 | $3,200,000 | $2,800,000 | $3,400,000 |
What would be the forecast for next years sales using the nave approach?
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