A firm has the following sales figures: Year 2011: $2.1 million Year 2012: $2.3...
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A firm has the following sales figures: • Year 2011: $2.1 million • Year 2012: $2.3 million • Year 2013: $2.5 million • Year 2014 $2.2 million Year 2015: $3.1 million Using the naïve approach, determine the forecast for next year's sales. A firm has the following sales figures: • Year 2011: $2.1 million • Year 2012: $2.3 million • Year 2013: $2.5 million • Year 2014 $2.2 million Year 2015: $3.1 million Using the naïve approach, determine the forecast for next year's sales.
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SOLUTION The nave approach for forecasting involves simply using the most recent actual value as the ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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