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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?
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