Question
Toyota Motor Corporation is aiming to boost its sales performance in the global automotive market. Required: Using the historical sales data provided, develop a seasonal
Toyota Motor Corporation is aiming to boost its sales performance in the global automotive market.
Required: Using the historical sales data provided, develop a seasonal sales forecasting model. Use multiple regression analysis. Predict the next year's sales and determine the standard errors of the forecasts.
Historical Sales Data | ||
Sales, millions of liters | Year | Calendar month |
2800 | 1 | 1 |
2850 | 1 | 2 |
2900 | 1 | 3 |
2950 | 1 | 4 |
3000 | 1 | 5 |
3050 | 1 | 6 |
3100 | 1 | 7 |
3150 | 1 | 8 |
3200 | 1 | 9 |
3250 | 1 | 10 |
3300 | 1 | 11 |
3350 | 1 | 12 |
3400 | 2 | 13 |
3450 | 2 | 14 |
3500 | 2 | 15 |
3550 | 2 | 16 |
3600 | 2 | 17 |
3650 | 2 | 18 |
3700 | 2 | 19 |
3750 | 2 | 20 |
3800 | 2 | 21 |
3850 | 2 | 22 |
3900 | 2 | 23 |
3950 | 2 | 24 |
4000 | 2 | 25 |
4050 | 3 | 26 |
4100 | 3 | 27 |
4150 | 3 | 28 |
4200 | 3 | 29 |
4250 | 3 | 30 |
4300 | 3 | 31 |
4350 | 3 | 32 |
4400 | 3 | 33 |
4450 | 3 | 34 |
4500 | 3 | 35 |
4550 | 3 | 36 |
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