Suppose a firm has had the following historic sales figures. Year: 2016 2017 Sales $1,480,000 $1,680,000 2018 2019 2020 $1,580,000 $2,070,000 $1,900,000 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

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
Sales $1,480,000 $1,680,000 $1,580,000 $2,070,000
2020
$1,900,000
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
Transcribed Image Text:Suppose a firm has had the following historic sales figures. Year: 2016 2017 2018 2019 Sales $1,480,000 $1,680,000 $1,580,000 $2,070,000 2020 $1,900,000 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
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