Question

Terrence operates a food truck. He has recorded her sales for the past several years:

2018 600
2019 670
2020 740
2021 910
2022 2,180

Terrence wants to predict revenue for 2023. Compute the 4-year moving average and round your answer to the nearest integer.

Answer 1

To predict the revenue for 2023, we can use the 4-year moving average method.

The predicted revenue is $730.

Step-by-step explanation:

To predict the revenue for 2023, we can use the 4-year moving average method.

The 4-year moving average is computed by taking the average of the sales for the current year and the sales from the previous three years.

Here is how we can calculate it:

Add the sales from 2018, 2019, 2020, and 2021:

600 + 670 + 740 + 910

= 2,920

Divide the sum by 4 to get the average:

2,920 / 4

= 730

Round the result to the nearest integer: 730

Therefore, the predicted revenue for 2023 is $730.