Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:Suppose a firm has had the historical sales figures shown as follows. What would be the forecast for next year's sales using the average approach?
Year
2017
2018
Sales
$
750,000
500,000
Multiple Choice
O
$695,000
$700,000
$750,000
$775.000
2019
$
700,000
2020
$
750,000
2021
$
775,000
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