Example Using Forecasting Method 3: Fixed Flat Percent Increase
This table illustrates calculating a sales estimate by using a fixed flat percentage:
Month |
2007 Reported |
Estimated |
Forecast Calculation |
---|---|---|---|
NOVEMBER |
88,500 |
97,350 |
88,500 × 1.1 |
Determine the sales estimate for November 2008 by multiplying the sales figure for November 2007 with the flat percentage entered into the processing option.
Note: For a lease to be comparable, sales
for the estimated month in the prior year must exist. That is, at least 13 months of
sales data must be available.