Anita Limited has shared their annual sales revenue over the last 6 financial years from 2015 to

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Anita Limited has shared their annual sales revenue over the last 6 financial years from 2015 to 2020

You are required to;

a. Using linear trend equation forecast the sales revenue of Anita Limited for 2021.

b. Calculate the forecasted sales difference if you use 3-period weighted moving average designed with the following weights:

2018 (0.1),

2019 (0.3) and

2020(0.6).

(note: please provide with the details answer with formulas with clearly explanation )

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Sep 14, 2023 06:09 AM

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Anita Limited has shared their annual sales revenue over the last 6 financial years from 2015 to

Question:

Year 2015 2016 2017 2018 2019 2020 Sales ($ 000) 4500 5100 4900 5400 5670 6000 Year 2015 2016 2017 2018 2019 2020 Sales ($ 000) 4500 5100 4900 5400 5670 6000

Expert Answer:

a To forecast the sales revenue of Anita Limited for 2021 using a linear trend equation we can use t... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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