Question: Sales forecasting is extremely important for an organization. Using the following information, develop a sales forecast for the next year for this firm using the
Sales forecasting is extremely important for an organization. Using the following information, develop a sales forecast for the next year for this firm using the Nave Method (formula is Current Year x (Current Year/Previous Year)), the Moving Average Method (using both a two-year and a four-year average), the Exponential Smoothing Method (using an = 0.2), and a Trend Projection (using Regression). Do you think these methods should all give you the same estimate? Why or why not? Make sure you show your work.
| Year | Sales |
| 2011 | $750,000 |
| 2012 | $825,000 |
| 2013 | $895,000 |
| 2014 | $975,000 |
| 2015 | $1,025,000 |
| 2016 | $1,100,000 |
| 2017 | ? |
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