Going 'long' (including more periods) on a moving average forecast is usually most appropriate when: 1. Significant fluctuations
1 answer:
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Answer:
50.16%
Explanation:
The percentage increase in sales from the preceding year to the current year can be calculated as:
where:
is the sale for the current year
is the sale for the preceding year
From the sales data of this problem, we have:
(current year)
(preceding year)
Therefore, the percentage increase in sales is: