Hello young mogul-in-training! 🚀 Let’s delve into the exciting world of sales forecasting, and don't worry, we've got real-world examples to help you nail this concept!

Think of this as a tool to look into a crystal ball 🔮 but for business! Moving averages help you see a trend by evening out all the crazy ups and downs in sales.

• You take three years of sales data and get an average.

  E.g.: For Year 1, 2, & 3: (400,000 + 600,000 + 800,000)/3 = 600,000

  Psst... We do this for every set of three years.

• Extrapolation: Imagine drawing a line on your graph to predict future sales, kinda like predicting next year’s hottest fashion trend but for sales!

• Variation: The difference between your real sales and what the trend says. It's like expecting to get 10 chocolates 🍫 and ending up with 7!