Amazon.com, Inc., was a money-losing company when it went public on May 15, 1997, with an IPO valued at a modest $438 million. Amazon has since had an epic run as a public company, worth over a trillion dollars in 2020. An important question for investors and other stakeholders is if Amazon’s growth is sustainable. The accompanying data file contains quarterly data on Amazon’s revenue for the fiscal years 2010 through 2020, with the fiscal year concluding at the end of December. In a report, use the sample information to∙ 

Explore forecasting models, including trend regression models with seasonal dummy variables and the Holt-Winters exponential smoothing model, to capture the trend and seasonality of Amazon’s revenue. 

Use the preferred model to forecast Amazon’s revenue for fiscal year 2021.

 

Year	Quarter	Revenue
2010	1	7131
2010	2	6566
2010	3	7560
2010	4	12947
2011	1	9857
2011	2	9913
2011	3	10876
2011	4	17431
2012	1	13185
2012	2	12834
2012	3	13806
2012	4	21268
2013	1	16070
2013	2	15704
2013	3	17091
2013	4	25587
2014	1	19741
2014	2	19340
2014	3	20578
2014	4	29329
2015	1	22717
2015	2	23184
2015	3	25358
2015	4	35747
2016	1	29128
2016	2	30404
2016	3	32714
2016	4	43741
2017	1	35714