Suppose a firm has had the following historic sales figures. Year Sales 2012 $2, 500, 000 2013
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Question:
Suppose a firm has had the following historic sales figures.
Year Sales
2012 $2, 500, 000
2013 $3, 750, 000
2014 $2, 400, 000
2015 $2, 000, 000
2016 $2, 600, 000
What would be the forecast for next year's sales using the average approach?
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