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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
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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