Example Using Forecasting Method 2: Lease Year-To-Date Increase Over Prior Year
This table lists the results of the forecast calculation based on reported sales for 2007 and 2008:
Month |
2007 |
2008 Reported |
2008 Estimated |
Forecast Calculation |
|---|---|---|---|---|
JANUARY |
121,928 |
104,431 |
||
FEBRUARY |
98,552 |
115,141 |
||
MARCH |
98,155 |
122,095 |
||
APRIL |
94,741 |
120,730 |
||
MAY |
98,765 |
107,837 |
||
JUNE |
106,026 |
102,469 |
||
JULY |
105,369 |
96,900 |
||
AUGUST |
106,312 |
103,977 |
||
SEPTEMBER |
97,083 |
89,204 |
||
OCTOBER |
97,420 |
84,821 |
||
NOVEMBER |
97,355 |
99,564.96 |
1.0227 × 97,355 |
|
DECEMBER |
101,217 |
103,514.63 |
1.022 × 101,217 |
|
TOTAL |
102,6350 |
1,049,605 |
||
PERCENT INCREASE |
2.27 percent |
By applying the forecast calculation from the previous table, determine the sales estimate for November and December 2008 based on the sales figures for the same month in the previous year. The table also shows the percent increase in sales between the two time periods.