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.