Suppose a Firm Has Had the Historical Sales Figures Shown

question 33

Multiple Choice

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?
$$\begin{array} { c c c c c c } \text { Year } & 2013 & 2014 & 2015 & 2016 & 2017 \\\text { Sales } & \$ 500,000 & \$ 600,000 & \$ 700,000 & \$ 400,000 & \$ 700,000\end{array}$$

• A) $500,000
• B) $580,000
• C) $625,000
• D) $700,000

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Definitions:

Amnesia

A condition characterized by a significant loss of memory and/or the ability to learn new information, typically resulting from brain injury, disease, or psychological trauma.

Memories

Mental representations of past events, information, or experiences that a person can recall and reflect upon.

SPAR Method

A problem-solving approach that stands for Scan, Plan, Act, and Review, used to make decisions and solve issues effectively.

Art History

The academic study of objects of art in their historical development and stylistic contexts, including genre, design, format, and style.