Question
Sales data for two years are as follows. Data are aggregated with two months of sales (in 1,000 units) in each period. Period Sales Year
Sales data for two years are as follows. Data are aggregated with two months of sales (in 1,000 units) in each period.
| Period | Sales |
Year 1 | JanuaryFebruary | 1332 |
MarchApril | 1637 | |
MayJune | 1790 | |
JulyAugust | 2030 | |
SeptemberOctober | 1752 | |
NovemberDecember | 1409 | |
Year 2 | JanuaryFebruary | 1492 |
MarchApril | 1588 | |
MayJune | 2151 | |
JulyAugust | 2489 | |
SeptemberOctober | 1938 | |
NovemberDecember | 1578 |
Plot the data.
Fit a linear regression model to all the sales data.
In addition to the regression model, determine multiplicative seasonal index factors. A full cycle is assumed to be a full year.
Using the results from parts b) and c), prepare a forecast for the next year.
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