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

Question

Anthony Leblanc

Business

20 March, 17:09

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

+1

Answers (1)

Know the Answer?

Omari Copeland · Answer 1

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

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) $200B) $ 40C) $240D) $180E) $160

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