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Suppose a firm has had the historical sales figures shown as follows. What would be the forecast for next year's sales using the average approach?

Suppose a firm has had the historical sales figures shown as follows. What would be the forecast for next year's sales using the average approach?

Year 2013 2014 2015 2016 2017
Sales $ 500,000 $ 600,000 $ 700,000 $ 400,000 $ 700,000

]

Multiple Choice

  • $500,000

  • $580,000

  • $625,000

  • $700,000

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