Compute the sales of toys using the naive forecasting method.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Compute the sales of toys using the naive forecasting method.
Transcribed Image Text:Absolute
Value of
Absolute
No. of Toys
Sold
Squared
Forecast
Forecast
Percentage
Error
Value of
Month
Forecast
Error
Forecast
Error
Percentage
Error
Error
January
February
10,100
9,999
10,500
10,079
10,110
9,890
10,000
March
April
May
June
July
August
September
October
10,055
9,998
10,001
9,990
10,458
November
December
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