The sales data (in units) of book store has been extracted for the three terms over 3 years as follows;

	Term-1	Term-2	Term-3
2020	4500	3,000	1,200
2021	6,000	4,200	2,400
2022	7,800	5,400	3,600

Required:

Using multiplicative index, forecast sales for term-III (to the nearest 100) of the year 2023 given an annual sales forecast of 18,000

Question 7Answer

A.

3,300 units

B.

3,400 units

C.

3,500 units

D.

3,100 units