Answered: Year Sales ($ 000) 2015 4500 2016…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter9: Corporate Valuation And Financial Planning

Section: Chapter Questions

Problem 4P: Sales Increase Maggies Muffins Bakery generated 5 million in sales during 2018, and its year-end...

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Question 6

Anita Limited has shared their annual sales revenue over the last 6 financial years from 2015 to 2020.

Year	Sales ($ 000)
2015	4500
2016	5100
2017	4900
2018	5400
2019	5670
2020	6000

You are required to;

Using linear trend equation forecast the sales revenue of Anita Limited for 2021.

ANSWER:

Calculate the forecasted sales difference if you use 3-period weighted moving average designed with the following weights: 2018 (0.1), 2019 (0.3) and 2020(0.6).

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