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Table 1 shows the monthly sales of tires over the last 5 years. Graphically analyze the time series and explain how you could use the
Table 1 shows the monthly sales of tires over the last 5 years. Graphically analyze the time series and explain how you could use the simple model to forecast monthly sales.
Table 1: Monthly tires sales over 5 years
Month | Years | ||||
1 | 2 | 3 | 4 | 5 | |
January | 19 | 27 | 29 | 33 | 36 |
February | 20 | 26 | 28 | 32 | 34 |
March | 20 | 30 | 37 | 41 | 43 |
April | 22 | 30 | 39 | 44 | 47 |
May | 27 | 35 | 40 | 50 | 49 |
June | 27 | 32 | 35 | 52 | 51 |
July | 24 | 26 | 23 | 44 | 40 |
August | 30 | 30 | 35 | 45 | 43 |
September | 32 | 35 | 40 | 53 | 49 |
October | 36 | 39 | 49 | 63 | 57 |
November | 37 | 38 | 46 | 54 | 55 |
December | 42 | 47 | 56 | 71 | 66 |
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