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date sales Jan-95 1664,81 Feb-95 2397,53 Mar-95 2840,71 Apr-95 3547,29 May-95 3752,96 Jun-95 3714,74 Jul-95 4349,61 Aug-95 3566,34 Sep-95 5021,82 Oct-95 6423,48 Nov-95 7600,60 Dec-95
date | sales |
Jan-95 | 1664,81 |
Feb-95 | 2397,53 |
Mar-95 | 2840,71 |
Apr-95 | 3547,29 |
May-95 | 3752,96 |
Jun-95 | 3714,74 |
Jul-95 | 4349,61 |
Aug-95 | 3566,34 |
Sep-95 | 5021,82 |
Oct-95 | 6423,48 |
Nov-95 | 7600,60 |
Dec-95 | 19756,21 |
Jan-96 | 2499,81 |
Feb-96 | 5198,24 |
Mar-96 | 7225,14 |
Apr-96 | 4806,03 |
May-96 | 5900,88 |
Jun-96 | 4951,34 |
Jul-96 | 6179,12 |
Aug-96 | 4752,15 |
Sep-96 | 5496,43 |
Oct-96 | 5835,10 |
Nov-96 | 12600,08 |
Dec-96 | 28541,72 |
Jan-97 | 4717,02 |
Feb-97 | 5702,63 |
Mar-97 | 9957,58 |
Apr-97 | 5304,78 |
May-97 | 6492,43 |
Jun-97 | 6630,80 |
Jul-97 | 7349,62 |
Aug-97 | 8176,62 |
Sep-97 | 8573,17 |
Oct-97 | 9690,50 |
Nov-97 | 15151,84 |
Dec-97 | 34061,01 |
Jan-98 | 5921,10 |
Feb-98 | 5814,58 |
Mar-98 | 12421,25 |
Apr-98 | 6369,77 |
May-98 | 7609,12 |
Jun-98 | 7224,75 |
Jul-98 | 8121,22 |
Aug-98 | 7979,25 |
Sep-98 | 8093,06 |
Oct-98 | 8476,70 |
Nov-98 | 17914,66 |
Dec-98 | 30114,41 |
Jan-99 | 4826,64 |
Feb-99 | 6470,23 |
Mar-99 | 9638,77 |
Apr-99 | 8821,17 |
May-99 | 8722,37 |
Jun-99 | 10209,48 |
Jul-99 | 11276,55 |
Aug-99 | 12552,22 |
Sep-99 | 11637,39 |
Oct-99 | 13606,89 |
Nov-99 | 21822,11 |
Dec-99 | 45060,69 |
Jan-00 | 7615,03 |
Feb-00 | 9849,69 |
Mar-00 | 14558,40 |
Apr-00 | 11587,33 |
May-00 | 9332,56 |
Jun-00 | 13082,09 |
Jul-00 | 16732,78 |
Aug-00 | 19888,61 |
Sep-00 | 23933,38 |
Oct-00 | 25391,35 |
Nov-00 | 36024,80 |
Dec-00 | 80721,71 |
Jan-01 | 10243,24 |
Feb-01 | 11266,88 |
Mar-01 | 21826,84 |
Apr-01 | 17357,33 |
May-01 | 15997,79 |
Jun-01 | 18601,53 |
Jul-01 | 26155,15 |
Aug-01 | 28586,52 |
Sep-01 | 30505,41 |
Oct-01 | 30821,33 |
Nov-01 | 46634,38 |
Dec-01 | 104660,67 |
Derive monthly souvenir sales forecasts using an model, which has been calibrated on the estimation sample (the forecasting horizon is fixed to 1 month). Make a qualitative assessment of the goodness-of-fit of your calibrated model and compute its and in the forecasting period. Is the model considered a better forecasting device?
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