Question: BASIC FORECASTING CONCEPTS 3. Northland is developing a forecast for its special revenue fund that does not conform to a trend. Use the data in

BASIC FORECASTING CONCEPTS 3. Northland is developing a forecast for its

BASIC FORECASTING CONCEPTS 3. Northland is developing a forecast for its special revenue fund that does not conform to a trend. Use the data in Table 28.4 to calculate a 5-year moving average and then use that result to project revenues for this fund for the next 3 years. TABLE 28.4 Northland: Special Revenue Fund 1996 $53,421,417 2005 $49,055,130 1997 $64,600,858 2006 $124,202,747 1998 $67,053,747 2007 $86,126,170 1999 $24,316,124 2008 $27,862,519 2000 $66,110,642 2009 $85,704,726 2001 $93,389,137 2010 $81,483,730 2002 $49,686,023 2011 $45,459,605 2003 $20,706,410 2012 $22,672,732 2004 $81,238,032 2013 $58,226,034

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