Ask Question
31 January, 17:35

Suppose that you are using the naïve forecasting method with trend to forecast sales. If sales have been declining by 20% per week, and this week's sales amounted to $200, what would your forecast be for next week?

A) $200

B) $ 40

C) $240

D) $180

E) $160

+3
Answers (1)
  1. 31 January, 21:25
    0
    E) $160

    Explanation:

    The computation is presented below:

    Given that

    Sales declining percentage = 20%

    And this week the sales amounted to $200

    So, by considering the above information, the forecast for the next week is

    = Sales for this week - sales for this week * Sales declining percentage

    = $200 - $200 * 20%

    = $200 - $40

    = $160
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose that you are using the naïve forecasting method with trend to forecast sales. If sales have been declining by 20% per week, and ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers