Question
The data in the table below (and available online) represent monthly gross sales for Ska Brewing Company from 2009 to 2012. This is real (old)
The data in the table below (and available online) represent monthly gross sales for Ska Brewing Company from 2009 to 2012. This is real (old) data, let’s help Ska forecast 2013…
a) Sum up the totals for each year and fill in the blanks below.
b) Forecast demand for each month and the total for 2013 using linear regression. What is your best estimate for total sales in 2013? Note: This table is transposed compared to the seasonality example we looked at in class – in this case, you will be forecasting horizontally.
c) Graph the monthly data and forecasts (preferably in a different color) in chronological order to display the seasonal pattern. Insert the graph here.
d) Determine the slope for each month and fill in the blanks below. According to the slopes, which two months are growing the fastest (at about the same rate)?
e) Interpret the slope for the two fastest growing month(s) and interpret the annual slope.
10 9 $203,481 January $277,782 February $180,674 $235,592 March $238,095 $366,604 $352,353 April $242,372 $284,723 $371,315 May $298,188 $387,369 $622,500 June $314,763 $449,907 $574,599 July $347,825 $440,999 $528,422 August $352,121 $495,822 $633,860 September $330,011 $417,577 $422,091 October $314,756 $460,234 $540,636 November $231,514 $325,238 $323,034 December $225,591 $335,135 $385,686 Total 11 $329,313 $333,726 12 $385,117 $401,677 $436,746 $545,876 $669,204 $592,670 $673,534 $574,901 $646,399 $737,822 $549,011 $440,188 13 Slope 0
Step by Step Solution
3.39 Rating (158 Votes )
There are 3 Steps involved in it
Step: 1
a Sum up the totals for each year Total Sales for 2009 3182856 Total Sales for 2010 4085386 Total Sales for 2011 4641785 Total Sales for 2012 6264087 b To forecast demand for each month and the total ...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