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Suppose a firm has had the following historic sales figures. Year: 2012 2013 2014 2015 2016 Sales $2,500,000 $2,750,000 $2,400,000 $3,000,000 $2,600,000 What would be
Suppose a firm has had the following historic sales figures.
Year: | 2012 | 2013 | 2014 | 2015 | 2016 |
Sales | $2,500,000 | $2,750,000 | $2,400,000 | $3,000,000 | $2,600,000 |
What would be the forecast for next years sales using the average approach?
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