Question
Year Month 2016 2017 2018 2019 January 1448 1366 1251 1124 February 707 671 689 646 March 699 687 714 665 April 689 709 690
Year | ||||
Month | 2016 | 2017 | 2018 | 2019 |
January | 1448 | 1366 | 1251 | 1124 |
February | 707 | 671 | 689 | 646 |
March | 699 | 687 | 714 | 665 |
April | 689 | 709 | 690 | |
May | 758 | 761 | 766 | |
June | 693 | 684 | 707 | |
July | 667 | 649 | 681 | |
August | 1504 | 1354 | 1344 | |
September | 1044 | 977 | 966 | |
October | 695 | 669 | 721 | |
November | 722 | 683 | 748 | |
December | 1236 | 1137 | 1239 | |
I am needing step by step help on this problem:
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.)
d. Evaluate a seasonally adjusted trend forecasting model. What is the MAD? (Round your answers to 4 decimal places.)
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.)
f-1. What are the monthly indexes?
f-2. When are book sales the highest?
f-3. When are book sales the lowest?
g. Predict book sales for the next 9 months.
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