The business analyst for Ace Business Machines,Inc.wants to forecast this year's demand for manual typewriters based on the following historical data:
Time Period :Demand
5 years ago :900
4 years ago : 700
3 years ago : 600
2 years ago :500
Last year :300
-What is the forecast for this year using the last-value forecasting method?
A) 49
B) 50
C) 52
D) 65
E) 78
Correct Answer:
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