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You have been given the following quarterly sales data of 3 years for a store that sells big trucks for shipments Quarter 2015 2016 2017
You have been given the following quarterly sales data of 3 years for a store that sells big trucks for shipments
Quarter | 2015 | 2016 | 2017 |
1 | 15 | 18 | 16 |
2 | 10 | 16 | 12 |
3 | 14 | 14 | 18 |
4 | 22 | 24 | 25 |
Part a) Choose the appropriate time series method and estimate the seasonal indices and adjusted forecast for each quarter if the annual demand is assumed to be 72. You can either create a table to present the numbers or just present them without a table in your response.
Part b) What are the limitations of qualitative models?
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