Selling Price Forecast (Check Average)

The Selling Price Forecast calculator computes a forecasted selling price based on the selling price in the last period and the percent increase estimated in this period.

INSTRUCTIONS:  Choose the preferred units and enter the following:

• (LYSP)  This is the selling price last year or last period
• (IE)  This is the Increase Estimate 

Selling Price Forecast:  The calculator returns the forecast price in U.S. dollars.  However, this can be automatically converted to other currencies via the pull-down menu.

General Information

Selling Price Forecast is the process of a company predicting what its future Selling Price will be. This forecast is done for a particular period of a time in the near future, usually the next fiscal year.

Resource:

• Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
• "Sales Forecasting Definition - at TrackMaven.com." TrackMaven. N.p., n.d. Web. 08 Aug. 2015.