Suppose a firm has had the following historic sales figures Year 2009 2010 2011 2012 2013 Sales $ 1,800,000 $ 2,050,000 $ 1,700,000 $ 2,300,000 $ 1,900,000 What would be the forecast for next years sales using the nave approach Next years sales $ ...

The naive approach for forecasting assumes that the next years sales will be equ ...

Suppose a firm has had the following historic sales figures. Year: 2009 2010 2011 2012 2013 Sales

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Suppose a firm has had the following historic sales figures.

Year:		2009		2010		2011		2012		2013
Sales	$	1,800,000	$	2,050,000	$	1,700,000	$	2,300,000	$	1,900,000

What would be the forecast for next year’s sales using the naïve approach?

Next year’s sales

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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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Posted Date: Apr 18, 2023 07:46 AM

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Suppose a firm has had the following historic sales figures. Year: 2009 2010 2011 2012 2013 Sales

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Finance Applications and Theory

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