5. Sales data for 2 years are as follows. Data are aggregated with 2 months of sales...
Question:
5. Sales data for 2 years are as follows. Data are aggregated with 2 months of sales in each “period.”
a. Plot the data.
b. Fit a simple linear regression model to the sales data.
c. In addition to the regression model, determine multiplicative seasonal factors. A full cycle is assumed to be a full year.
d. Using the results from parts b and
c, prepare a forecast for the next year
Step by Step Answer:
Related Book For
Manufacturing Planning And Control For Supply Chain Management The CPIM Reference
ISBN: 9781265138516
3rd Edition
Authors: F. Robert Jacobs, William Lee Berry, D. Clay Whybark, Thomas E. Vollmann
Question Posted: