Calculate the forecasted sales difference

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

Month

Sales ($ 000)

2015

8000

2016

8200

2017

8450

2018

9000

2019

9500

2020

9600

Required - You are required to;

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

b) 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).

Reference no: EM133034835

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