Suppose a firm has had the following historic sales figures. Year: 2009 2010 2011 2012 2013 Sales $2,600,000 $2,850,000 $2,500,000 $3,100,000 $2,700,000 What would be the forecast for next year's sales using the naive approach? Next year's sales $

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter14: Capital Structure Management In Practice
Section: Chapter Questions
Problem 16P
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Suppose
a firm has had the following historic sales figures.
Year: 2009
2010
2011
2012
2013
Sales $2,600,000 $2,850,000 $2,500,000 $3,100,000 $2,700,000
What would be the forecast for next year's sales using the naive approach?
Next year's
sales
Transcribed Image Text:Suppose a firm has had the following historic sales figures. Year: 2009 2010 2011 2012 2013 Sales $2,600,000 $2,850,000 $2,500,000 $3,100,000 $2,700,000 What would be the forecast for next year's sales using the naive approach? Next year's sales
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