Suppose a firm has had the following historic sales figures. Year: 2016 2017 2018 2019 Sales $1,420,000 $1,720,000 $1,600,000 $2,010,000 2020 $1,770,000 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. Next year's sales
Suppose a firm has had the following historic sales figures. Year: 2016 2017 2018 2019 Sales $1,420,000 $1,720,000 $1,600,000 $2,010,000 2020 $1,770,000 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. Next year's sales
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Suppose a firm has had the following historic sales figures.
Year:
2016
Sales $1,420,000
2017
$1,720,000
Next year's sales
2018
2019
2020
$1,600,000 $2,010,000 $1,770,000
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.
27](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe03f87a8-2ffc-4cc5-9073-c25589cc670b%2Ffe1956a3-a44f-444d-9bd5-12f21ba17772%2Fzaycjsi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose a firm has had the following historic sales figures.
Year:
2016
Sales $1,420,000
2017
$1,720,000
Next year's sales
2018
2019
2020
$1,600,000 $2,010,000 $1,770,000
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.
27
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