Q23: HPPSC Prelims 2020 GS-II: Previous Year Question with Answer

Table given below gives the Estimated and Actual Sales Revenue and Cost Figures for three years (all figures in the same currency unit). Sales Revenue -- Estimated: 2007=1281, 2008=1452, 2009=1228; Actual: 2007=1326, 2008=1286, 2009=1452. Cost -- Estimated: 2007=986, 2008=1051, 2009=1024; Actual: 2007=988, 2008=1076, 2009=1068. Estimated Profit = Estimated Revenue – Estimated Cost. Actual Profit = Actual Revenue – Actual Cost. Q: A measure of forecasting done by marketing team is the ratio of Estimated Sales to Actual Sales. Lower is this value, better is the forecasting. Which years forecasting is the best?