Consider the following time series: Period 1 2 3 4 5 6 7 8 Demand 15 17

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Consider the following time series:

Period 1 2 3 4 5 6 7 8 Demand 15 17 14 7 10 12 7 5

a. Using a trend projection, forecast the demand for Period 9.

b. Verify your results with PHStat.

c. Calculate the MAD for this forecast.

AppendixLO1

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Business Statistics

ISBN: 9780133852288

2nd Edition

Authors: Robert A Donnelly, Robert Donnelly Jr

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