Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The data in the table below are for retail sales in book stores by quarter. ( c3p13 ) U.S. Retail Book Sales (in Millions of
The data in the table below are for retail sales in book stores by quarter. (c3p13)
U.S. Retail Book Sales (in Millions of Dollars, NSA)
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.
How do i do this in excel?
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