Forecasting CheckPoint

Forecasting - for the past four fiscal years Year Expenses 20X1 $15,000,000 20X2 $14,250,000 20X3 $14,000,000 20X4 13,500,000 $41750000/3 =

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Exercise 9.1 The following data represent total personnel expenses for the Palmdale Human Service Agency for past four fiscal years: Forecasts Using Weighted Moving Averages Expenses Fiscal Year Expenses Weight Weighted Score 20X1 $5,250,000.00 1 $5,250,000.00 20X2 $5,500,000.00 2 $11,000,000.00 20X3 $6,000,000.00 3 $18,000,000.00 20X4 $6,750,000.00/6 = $1125000 6 $6,750,000.00 Exercise 9.3 The following data represent total revenues (from all sources) for the Palmdale Human Service Agency
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Unformatted text preview: for the past four fiscal years: Year Expenses 20X1 $15,000,000 20X2 $14,250,000 20X3 $14,000,000 20X4 +13,500,000 $41750000 /3 = $13916667 Financial trends can affect forecasting because of the irregular fluctuation. With information constantly changing without any kind of pattern or trend it is harder to predict what to expect financially. Having a particular trend helps create a more accurate account because the variables are covered....
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This note was uploaded on 06/30/2011 for the course HSM270 270 taught by Professor Mooney during the Spring '11 term at University of Phoenix.

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