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Forecasting Sales You spend your 2013 Spring break with your uncle Ted. He owns and operates a small business manufacturing and selling widgets.
Forecasting SalesYou spend your 2013 Spring break with your uncle Ted. He owns and operates a small business manufacturing and selling widgets. He knows that you are a business student and he asks you for some consulting. Your uncle is a nice guy so you decide to help him. Your uncle Ted has to sign a contract with his suppliers of raw materials before the end of the year. He needs a rough approximation of how many widgets he is likely to sell next year so that he will know how much raw material to order. You look in his records and find out that his business has operated since 2006 and he had the following sales (in thousands of widgets):Year