Question
Please show in excel and forecastx how to get these solved AmerPlas, Inc., produces 16-ounce plastic drinking cups that are embossed with the names of
Please show in excel and forecastx how to get these solved AmerPlas, Inc., produces 16-ounce plastic drinking cups that are embossed with the names of prominent beers and soft drinks. It has been observed that sales of the cups match closely the seasonal pattern associated with beer production but that, unlike beer production, there has been a positive trend over time. The sales data, by month, for 2013 through 2016 are shown above
a.Use these data to estimate a linear time trend as follows:SALES = a + b(T)SALES = ________ +/ ________(T)(Circle + or as appropriate) Do your regression results support the notion that there has been a positive time trend in the SALES data? Explain
b. Use your equation to forecast SALES for the 12 months of 2017:
c. Actual SALES for 2017 are:
Period | Actual Sales |
2017 M01 | 2318 |
M02 | 2367 |
M03 | 2523 |
M04 | 2577 |
M05 | 2646 |
M06 | 2674 |
M07 | 2697 |
M08 | 2702 |
M09 | 2613 |
M10 | 2626 |
M11 | 2570 |
M12 | 2590 |
on the basis of your results in part (b) in comparison with these actual sales, how well do you think your model works? What is the MAPE for 2017?
\begin{tabular}{lrrccc} \hline Period & T & Sales & Period & T & Sales \\ \hline 2013M01 & 1 & 857 & 2015M01 & 25 & 1,604 \\ 2013M02 & 2 & 921 & 2015M02 & 26 & 1,643 \\ 2013M03 & 3 & 1,071 & 2015M03 & 27 & 1,795 \\ 2013M04 & 4 & 1,133 & 2015M04 & 28 & 1,868 \\ 2013M05 & 5 & 1,209 & 2015M05 & 29 & 1,920 \\ 2013M06 & 6 & 1,234 & 2015M06 & 30 & 1,953 \\ 2013M07 & 7 & 1,262 & 2015M07 & 31 & 1,980 \\ 2013M08 & 8 & 1,258 & 2015M08 & 32 & 1,989 \\ 2013M09 & 9 & 1,175 & 2015M09 & 33 & 1,897 \\ 2013M10 & 10 & 1,174 & 2015M10 & 34 & 1,910 \\ 2013M11 & 11 & 1,123 & 2015M11 & 35 & 1,854 \\ 2013M12 & 12 & 1,159 & 2015M12 & 36 & 1,957 \\ 2014M01 & 13 & 1,250 & 2016M01 & 37 & 1,955 \\ 2014M02 & 14 & 1,289 & 2016M02 & 38 & 2,008 \\ 2014M03 & 15 & 1,448 & 2016M03 & 39 & 2,171 \\ 2014M04 & 16 & 1,497 & 2016M04 & 40 & 2,202 \\ 2014M05 & 17 & 1,560 & 2016M05 & 41 & 2,288 \\ 2014M06 & 18 & 1,586 & 2016M06 & 42 & 2,314 \\ 2014M07 & 19 & 1,597 & 2016M07 & 43 & 2,343 \\ 2014M08 & 20 & 1,615 & 2016M08 & 44 & 2,339 \\ 2014M09 & 21 & 1,535 & 2016M09 & 45 & 2,239 \\ 2014M10 & 22 & 1,543 & 2016M10 & 46 & 2,267 \\ 2014M11 & 23 & 1,493 & 2016M11 & 47 & 2,206 \\ 2014M12 & 24 & 1,510 & 2016M12 & 48 & 2,226 \\ \hline \end{tabular} \begin{tabular}{lrrccc} \hline Period & T & Sales & Period & T & Sales \\ \hline 2013M01 & 1 & 857 & 2015M01 & 25 & 1,604 \\ 2013M02 & 2 & 921 & 2015M02 & 26 & 1,643 \\ 2013M03 & 3 & 1,071 & 2015M03 & 27 & 1,795 \\ 2013M04 & 4 & 1,133 & 2015M04 & 28 & 1,868 \\ 2013M05 & 5 & 1,209 & 2015M05 & 29 & 1,920 \\ 2013M06 & 6 & 1,234 & 2015M06 & 30 & 1,953 \\ 2013M07 & 7 & 1,262 & 2015M07 & 31 & 1,980 \\ 2013M08 & 8 & 1,258 & 2015M08 & 32 & 1,989 \\ 2013M09 & 9 & 1,175 & 2015M09 & 33 & 1,897 \\ 2013M10 & 10 & 1,174 & 2015M10 & 34 & 1,910 \\ 2013M11 & 11 & 1,123 & 2015M11 & 35 & 1,854 \\ 2013M12 & 12 & 1,159 & 2015M12 & 36 & 1,957 \\ 2014M01 & 13 & 1,250 & 2016M01 & 37 & 1,955 \\ 2014M02 & 14 & 1,289 & 2016M02 & 38 & 2,008 \\ 2014M03 & 15 & 1,448 & 2016M03 & 39 & 2,171 \\ 2014M04 & 16 & 1,497 & 2016M04 & 40 & 2,202 \\ 2014M05 & 17 & 1,560 & 2016M05 & 41 & 2,288 \\ 2014M06 & 18 & 1,586 & 2016M06 & 42 & 2,314 \\ 2014M07 & 19 & 1,597 & 2016M07 & 43 & 2,343 \\ 2014M08 & 20 & 1,615 & 2016M08 & 44 & 2,339 \\ 2014M09 & 21 & 1,535 & 2016M09 & 45 & 2,239 \\ 2014M10 & 22 & 1,543 & 2016M10 & 46 & 2,267 \\ 2014M11 & 23 & 1,493 & 2016M11 & 47 & 2,206 \\ 2014M12 & 24 & 1,510 & 2016M12 & 48 & 2,226 \\ \hline \end{tabular}
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