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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 years 2013 and 2014 were "stale"?
Year 2013 2014 2015 2016 2017
Sales $1,900,000$2,100,000$2,700,000$2,800,000$3,000,000
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