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Approach and the average sales approach

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You've been asked to use the following historical sales information to forecast next year's sales for Worldwide Widget Manufacturing, Inc. The actual sales for 2016 were $1,950,000.

Year 2011 2012 2013 2014 2015

Sales $1,750,000 $2,000,000 $1,350,000 $2,250,000 $1,800,000

What would be next year's forecast according to the nai¨ve approach and the average sales approach? What would be the MAPE according to the nai¨ve approach and the average sales approach?

Reference no: EM132370372

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