Suppose a Firm Has Had the Historical Sales Figures Shown

question 60

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 naïve approach?
$$\begin{array} { c c c c c c c } \text { Year } & 2013 & 2014 & 2015 & 2016 & 2017 \\\text { Sales } & \$ 1,500,000 & \$ 1,750,000 & \$ 1,400,000 & \$ 2,000,000 & 1,780,000\end{array}$$

• A) $1,780,000
• B) $1,650,000
• C) $2,100,000
• D) $1,686,000

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Definitions:

Prostate-specific Antigen

A protein produced by the prostate gland, elevated levels of which can be an indicator of prostate cancer or other prostate disorders.

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A fluid containing spermatozoa and secretions from the male reproductive organs, ejaculated during orgasm.

Prostate-specific Antigen

A protein produced by the prostate gland, elevated levels of which can indicate prostate cancer or other prostate conditions.

Vasectomy

A surgical procedure for male sterilization or permanent contraception, involving the cutting and sealing of part of each vas deferens.