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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).
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