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The following data report total, monthly U.S. book-store sales in millions of dollars from January 2016 to March 2019. (Go to https://www.census.gov/retail/index.html#mrts, find Monthly Retail

The following data report total, monthly U.S. book-store sales in millions of dollars from January 2016 to March 2019. (Go to https://www.census.gov/retail/index.html#mrts, find "Monthly Retail Trade Report," then select "Time Series/Trend Charts" to find the data for the total U.S. bookstore sales.)

Month 2016 2017 2018 2019
January 1618 1536 1421 1294
February 877 841 859 816
March 869 857 884 835
April 859 879 860
May 928 931 936
June 863 854 877
July 837 819 851
August 1674 1524 1514
September 1214 1147 1136
October 865 839 891
November 892 853 918
December 1406 1307 1409

c. Which forecasting model is appropriate based on the data for the total U.S. bookstore sales? Appropriate model = (Regress, Simple exponential smoothing, or Simple moving average)

d. Evaluate a seasonally adjusted trend forecasting model. What is the MAD? (Round your answers to 4 decimal places.)

Month 2016 Trend Index Forecast Absolute Error
January 1618
February 877
March 869
April 859
May 928
June 863
July 837
August 1674
September 1214
October 865
November 892
December 1406
Month 2017
January 1536
February 841
March 857
April 879
May 931
June 854
July 819
August 1524
September 1147
October 839
November 853
December 1307
Month 2018
January 1421
February 859
March 884
April 860
May 936
June 877
July 851
August 1514
September 1136
October 891
November 918
December 1409
Month 2019
January 1294
February 816
March 835

e. What is the average monthly trend in book-store sales? (Negative amounts should be indicated by a minus sign. Round your answer to 4 decimal places.) Ave Monthly trend in book-store sales = ______ mill/per month

f-1. What are the monthly indexes? (Round your answers to 4 decimal places.)

Month Index
1
2
3
4
5
6
7
8
9
10
11
12

f-2. Which month are book sales the highest?

f-3. Which month are book sales the lowest?

g. Predict book sales for the next 9 months. (Round your answers to 4 decimal places.)

Year Month Forecast Sales
2019 April
2019 May
2019 June
2019 July
2019 August
2019 September
2019 October
2019 November
2019 December

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