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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 if it was determined that 2013 is a "stale" year?
Year | 2013 | 2014 | 2015 | 2016 | 2017 | |||||||||||||||
Sales | $ | 1,000,000 | $ | 2,000,000 | $ | 1,700,000 | $ | 1,800,000 | $ | 2,200,000 |
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