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 ap

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 $ 750,000 $ 700,000 $ 750,000 $ 775,000

[500,000 + 750,000 + 700,000 + 750,000 + 775,000]/5 = $695,000.

Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now