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Suppose a firm has had the following historic sales figures. What would be the forecast for next year's sales using the average approach? You must use the built-in Excel function to answer this question. Input area: Year Sales 2016 2017 2018 2019 2020 sssssss $ 1,500,000 $ 1,750,000 1,400,000 $ 2,000,000 $ 1,600,000 Output area: Next year's sales

Suppose a firm has had the following historic sales figures. What would be the forecast for next year's sales using the average approach? You must use the built-in Excel function to answer this question. Input area: Year Sales 2016 2017 2018 2019 2020 sssssss $ 1,500,000 $ 1,750,000 1,400,000 $ 2,000,000 $ 1,600,000 Output area: Next year's sales

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Suppose a firm has had the following historic sales figures. What would be the forecast for next year's sales using the average approach? You must use the built-in Excel function to answer this question. Input area: Year Sales 2016 2017 2018 2019 2020 sssssss $ 1,500,000 $ 1,750,000 1,400,000 $ 2,000,000 $ 1,600,000 Output area: Next year's sales
Transcribed Image Text:Suppose a firm has had the following historic sales figures. What would be the forecast for next year's sales using the average approach? You must use the built-in Excel function to answer this question. Input area: Year Sales 2016 2017 2018 2019 2020 sssssss $ 1,500,000 $ 1,750,000 1,400,000 $ 2,000,000 $ 1,600,000 Output area: Next year's sales
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