Suppose a firm has had the following historic sales figures. Year: 2016 2017 2018 2019 2020 Sales $1,530,000 $1,720,000 $1,560,000 $2,100,000 $1,850,000 What would be the forecast for next year’s sales using FORECAST.ETS to estimate a trend? Note: Round your answer to the nearest whole dollar.

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
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Suppose a firm has had the following historic sales figures.

Year: 2016 2017 2018 2019 2020
Sales $1,530,000 $1,720,000 $1,560,000 $2,100,000 $1,850,000

What would be the forecast for next year’s sales using FORECAST.ETS to estimate a trend?

Note: Round your answer to the nearest whole dollar.

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