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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-Year 2016 2017 2018 2019
January 1,618 1,536 1,421 1,294
February 877 841 859 816
March 869 857 884 835
April 859 879 860
May 928 931 937
June 863 854 877
July 837 819 851
August 1,674 1,524 1,514
September 1,214 1,147 1,136
October 865 839 891
November 892 853 918
December 1,406 1,307 1,409

c. Which forecasting model is appropriate based on the data for the total U.S. bookstore sales? Regression Analysis / Simple Exponential Smoothing / Simple Moving Average

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

Month Number $ Sales (Millions) Period Trend Index Forecast Absolute Error
1 1,618 1
2 877 2
3 869 3
4 859 4
5 928 5
6 863 6
7 837 7
8 1,674 8
9 1,214 9
10 865 10
11 892 11
12 1,406 12
1 1,536 13
2 841 14
3 857 15
4 879 16
5 931 17
6 854 18
7 819 19
8 1,524 20
9 1,147 21
10 839 22
11 853 23
12 1,307 24
1 1,421 25
2 859 26
3 884 27
4 860 28
5 937 29
6 877 30
7 851 31
8 1,514 32
9 1,136 33
10 891 34
11 918 35
12 1,409 36
1 1,294 37
2 816 38
3 835 39

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.)

Average monthly trend in book-store sales ____ million dollars 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. When are book sales the highest? The month that book sales the highest is ____.

f-3. When are book sales the lowest? The month that book sales the lowest is ____.

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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