Suppose a Firm Has Had the Historical Sales Figures Shown

question 37

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 if it is determined that 2016 is a "stale" year?
$$\begin{array} { c c c c c c c } \text { Year } & 2013 & 2014 & 2015 & 2016 & 2017 \\\text { Sales } & \$ 500,000 & \$ 600,000 & \$ 700,000 & \$ 400,000 & \$ 700,000\end{array}$$

• A) $400,000
• B) $580,000
• C) $625,000
• D) $700,000

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