Question
Date Sales Mar-02 1,866 Jun-02 1,666 Sep-02 2,351 Dec-02 2,455 Mar-03 2,169 Jun-03 1,815 Sep-03 2,498 Dec-03 2,637 Mar-04 2,326 Jun-04 2,020 Sep-04 2,858 Dec-04
| Date | Sales |
| Mar-02 | 1,866 |
| Jun-02 | 1,666 |
| Sep-02 | 2,351 |
| Dec-02 | 2,455 |
| Mar-03 | 2,169 |
| Jun-03 | 1,815 |
| Sep-03 | 2,498 |
| Dec-03 | 2,637 |
| Mar-04 | 2,326 |
| Jun-04 | 2,020 |
| Sep-04 | 2,858 |
| Dec-04 | 2,915 |
| Mar-05 | 2,725 |
| Jun-05 | 2,283 |
| Sep-05 | 3,134 |
| Dec-05 | 3,066 |
| Mar-06 | 2,876 |
| Jun-06 | 2,445 |
| Sep-06 | 3,190 |
| Dec-06 | 3,407 |
| Mar-07 | 3,197 |
| Jun-07 | 2,575 |
| Sep-07 | 3,290 |
| Dec-07 | 3,693 |
| Mar-08 | 3,273 |
| Jun-08 | 2,713 |
| Sep-08 | 3,514 |
| Dec-08 | 3,794 |
| Mar-09 | 3,480 |
| Jun-09 | 2,943 |
| Sep-09 | 3,654 |
| Dec-09 | 4,108 |
| Mar-10 | 3,628 |
| Jun-10 | 3,203 |
| Sep-10 | 4,051 |
| Dec-10 | 4,010 |
| Mar-11 | 3,719 |
| Jun-11 | 3,084 |
| Sep-11 | 4,234 |
| Dec-11 | 4,073 |
| Mar-12 | 3,983 |
| Jun-12 | 3,132 |
| Sep-12 | 4,328 |
| Dec-12 | 4,007 |
| Mar-13 | 3,969 |
| Jun-13 | 3,257 |
| Sep-13 | 4,824 |
| Dec-13 | 4,129 |
| Mar-14 | 4,298 |
| Jun-14 | 3,312 |
| Sep-14 | 4,811 |
| Dec-14 | 4,336 |
| Mar-15 | 4,261 |
| Jun-15 | 3,278 |
| Sep-15 | 4,991 |
| Dec-15 | 4,447 |
a. Plot these data and examine the plot. Does this view of the data suggest a particular smoothing model? Do the data appear to be seasonal? Explain?
b. Use an exponential smoothing method to forecast the next four quarters. Plot the actual and forecast values.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
4th International Edition
013284298X, 9780132842983
