Question
US Production of Ice Cream and Frozen Yogurt Year Ice Cream, 1000 gal Frozen Yogurt, 1000 gal 1950 554,351 - 1951 568,849 - 1952 592,705
US Production of Ice Cream and Frozen Yogurt Year Ice Cream, 1000 gal Frozen Yogurt, 1000 gal 1950 554,351 - 1951 568,849 - 1952 592,705 - 1953 605,051 - 1954 596,821 - 1955 628,525 - 1956 641,333 - 1957 650,583 - 1958 657,175 - 1959 698,931 - 1960 697,552 - 1961 697,151 - 1962 704,428 - 1963 717,597 - 1964 738,743 - 1965 757,000 - 1966 751,159 - 1967 745,409 - 1968 773,207 - 1969 765,501 - 1970 761,732 - 1971 765,843 - 1972 767,750 - 1973 773,674 - 1974 781,971 - 1975 836,552 - 1976 818,241 - 1977 809,849 - 1978 815,360 - 1979 811,079 - 1980 829,798 - 1981 832,450 - 1982 852,072 - 1983 881,543 - 1984 894,468 - 1985 901,449 - 1986 923,597 - 1987 928,356 - 1988 882,079 - 1989 831,159 82,454 1990 823,610 117,577 1991 862,638 147,137 1992 866,110 134,067 1993 866,248 149,933 1994 876,097 150,565 1995 862,232 152,097 1996 878,572 114,168 1997 913,770 92,167 1998 937,485 87,777 2000 979,645 94,478 2021 871,698 46,397
| US Production of Ice Cream and Frozen Yogurt | ||
| Year | Ice Cream, 1000 gal | Frozen Yogurt, 1000 gal |
| 1950 | 554,351 | - |
| 1951 | 568,849 | - |
| 1952 | 592,705 | - |
| 1953 | 605,051 | - |
| 1954 | 596,821 | - |
| 1955 | 628,525 | - |
| 1956 | 641,333 | - |
| 1957 | 650,583 | - |
| 1958 | 657,175 | - |
| 1959 | 698,931 | - |
| 1960 | 697,552 | - |
| 1961 | 697,151 | - |
| 1962 | 704,428 | - |
| 1963 | 717,597 | - |
| 1964 | 738,743 | - |
| 1965 | 757,000 | - |
| 1966 | 751,159 | - |
| 1967 | 745,409 | - |
| 1968 | 773,207 | - |
| 1969 | 765,501 | - |
| 1970 | 761,732 | - |
| 1971 | 765,843 | - |
| 1972 | 767,750 | - |
| 1973 | 773,674 | - |
| 1974 | 781,971 | - |
| 1975 | 836,552 | - |
| 1976 | 818,241 | - |
| 1977 | 809,849 | - |
| 1978 | 815,360 | - |
| 1979 | 811,079 | - |
| 1980 | 829,798 | - |
| 1981 | 832,450 | - |
| 1982 | 852,072 | - |
| 1983 | 881,543 | - |
| 1984 | 894,468 | - |
| 1985 | 901,449 | - |
| 1986 | 923,597 | - |
| 1987 | 928,356 | - |
| 1988 | 882,079 | - |
| 1989 | 831,159 | 82,454 |
| 1990 | 823,610 | 117,577 |
| 1991 | 862,638 | 147,137 |
| 1992 | 866,110 | 134,067 |
| 1993 | 866,248 | 149,933 |
| 1994 | 876,097 | 150,565 |
| 1995 | 862,232 | 152,097 |
| 1996 | 878,572 | 114,168 |
| 1997 | 913,770 | 92,167 |
| 1998 | 937,485 | 87,777 |
| 2000 | 979,645 | 94,478 |
| 2021 | 871,698 | 46,397 |
The dataset presents data on ice cream and frozen yogurt sales. Determine which forecasting technique would best model these time series and develop the model. Discuss your reasoning clearly and completely. Use the software JMP for the answer.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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
Operations Management
Authors: William J Stevenson, Mehran Hojati, James Cao
6th Canadian Edition
1259270157, 978-1259270154
