What would be next years forecast using the naive approach

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Reference no: EM131935636

Question: You have been asked to use the following historical sales information to forecast next years sales for Worldwide Widget Manufacturing, Inc.. The actual sales for 2016 were $1,950,000. What would be next years forecast using the naive approach and the average sales approach? What would be the MAPE using the naive approach and the average sales approach?

year:	2011	2012	2013	2014	2015
Sales	$1,750,000	$2,000,000	$1,350,000	$2,250,000	$1,800,000

Reference no: EM131935636

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