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The purchasing unit in a retail organization decided to analyze the trends for the products sold each year. A leading CCC type product was
The purchasing unit in a retail organization decided to analyze the trends for the products sold each year. A leading CCC type product was selected. Below are the sales figures for the last 5 years depending on the number of customers in the organization who visited during each year. Annual sales amount (in thousands); 10.5 7.5 12 11 number of customers (in thousands) 12 8 14.5 10 13.5 sleep 2019 2020 2021 2022 2023 Calculate a forecast for the year 2024 of the amount of sales for the CCC product based on a weighted moving average K-3, assuming that the weight in the last period is 100% and decreases by 10% each year.
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