Suppose that you are using the naïve forecasting method with trend to forecast sales. If sales have been increasing by 40% per month, and this month's sales amounted to $1200, what would your forecast be for next month?
A) $1200
B) $ 480
C) $1680
D) $ 720
E) $1600

Question

Quizplus · Accepted Answer

11ea8e10_ac23_a740_8f12_2db0a071bdbe_TB5472_11 1200 - (.4 * 1200) = 1200 - 480 = 720
1200 + 480 = 1680

Suppose That You Are Using the Naïve Forecasting Method with Trend