Question
Using the following time series data, respond to the following items. Period Quarter Sales 1 1 $ 867 2 2 895 3 3 742 4
Using the following time series data, respond to the following items.
Period | Quarter | Sales | |
1 | 1 | $ | 867 |
2 | 2 | 895 | |
3 | 3 | 742 | |
4 | 4 | 689 | |
5 | 1 | 970 | |
6 | 2 | 834 | |
7 | 3 | 788 | |
8 | 4 | 793 | |
9 | 1 | 1,206 | |
10 | 2 | 988 | |
11 | 3 | 936 | |
12 | 4 | 677 | |
13 | 1 | 1,304 | |
14 | 2 | 1,040 | |
15 | 3 | 1,078 | |
16 | 4 | 938 | |
d. Evaluate a seasonally adjusted trend forecasting model. What is the MAD? (Round your answers to 3 decimal places.)
Using the following time series data, respond to the following items.
Period | Quarter | Sales | |
1 | 1 | $ | 867 |
2 | 2 | 895 | |
3 | 3 | 742 | |
4 | 4 | 689 | |
5 | 1 | 970 | |
6 | 2 | 834 | |
7 | 3 | 788 | |
8 | 4 | 793 | |
9 | 1 | 1,206 | |
10 | 2 | 988 | |
11 | 3 | 936 | |
12 | 4 | 677 | |
13 | 1 | 1,304 | |
14 | 2 | 1,040 | |
15 | 3 | 1,078 | |
16 | 4 | 938 | |
Click here for the Excel Data File d. Evaluate a seasonally adjusted trend forecasting model. What is the MAD? (Round your answers to 3 decimal places.)
e. What are the quarterly indexes? (Round your answers to 3 decimal places.)
f. Forecast sales for future periods 17 through 20. (Round your answers to 3 decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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