Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use this spreadsheet: Target.csv 1. Deflate the Sales numbers by relevant GDP deflator. 2. Fit Exponential smoothing, ARIMA and Prophet forecasts to the data uptill

Use this spreadsheet: Target.csv

1. Deflate the Sales numbers by relevant GDP deflator.

2. Fit Exponential smoothing, ARIMA and Prophet forecasts to the data uptill 2019.

3. Mention the fit indices for all three methods

4. Use the method with best fit indices to forecast the sale of four quarters of 2020.

Data Date Company Fiscal Data Year and Quarter Rev
1/31/2013 TARGET CORP 2012Q4 22726
4/30/2013 TARGET CORP 2013Q1 16620
7/31/2013 TARGET CORP 2013Q2 16841
10/31/2013 TARGET CORP 2013Q3 16925
1/31/2014 TARGET CORP 2013Q4 20893
4/30/2014 TARGET CORP 2014Q1 16657
7/31/2014 TARGET CORP 2014Q2 16957
10/31/2014 TARGET CORP 2014Q3 17253
1/31/2015 TARGET CORP 2014Q4 21751
4/30/2015 TARGET CORP 2015Q1 17119
7/31/2015 TARGET CORP 2015Q2 17427
10/31/2015 TARGET CORP 2015Q3 17613
1/31/2016 TARGET CORP 2015Q4 21626
4/30/2016 TARGET CORP 2016Q1 16196
7/31/2016 TARGET CORP 2016Q2 16168
10/31/2016 TARGET CORP 2016Q3 16441
1/31/2017 TARGET CORP 2016Q4 20690
4/30/2017 TARGET CORP 2017Q1 16223
7/31/2017 TARGET CORP 2017Q2 16634
10/31/2017 TARGET CORP 2017Q3 16874
1/31/2018 TARGET CORP 2017Q4 22983
4/30/2018 TARGET CORP 2018Q1 16781
7/31/2018 TARGET CORP 2018Q2 17777
10/31/2018 TARGET CORP 2018Q3 17821
1/31/2019 TARGET CORP 2018Q4 22977
4/30/2019 TARGET CORP 2019Q1 17627
7/31/2019 TARGET CORP 2019Q2 18422
10/31/2019 TARGET CORP 2019Q3 18664
1/31/2020 TARGET CORP 2019Q4 23399
4/30/2020 TARGET CORP 2020Q1 19615
7/31/2020 TARGET CORP 2020Q2 22975
10/31/2020 TARGET CORP 2020Q3 22632
1/31/2021 TARGET CORP 2020Q4 28339
4/30/2021 TARGET CORP 2021Q1 24197
7/31/2021 TARGET CORP 2021Q2 25160
10/31/2021 TARGET CORP 2021Q3 25652
1/31/2022 TARGET CORP 2021Q4 30996
4/30/2022 TARGET CORP 2022Q1 25170

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management

Authors: Chuck Williams

4th Edition

978-0324316797, 0324316798

More Books

Students also viewed these General Management questions