Coal shipments from a mine for the past 17 weeks are: a. Plot the data as time
Question:
a. Plot the data as time series, determine the pattern, and explain why an averaging technique would not be appropriate in this case.
b. Use an appropriate technique to develop a forecast for week 18.
Transcribed Image Text:
Tonnes 5 Tonne Shipped Week Shipped Week 405 2 410 3 420 4 415 5 .. . 412 á 420 7 . 424 433 9 .438 440 12451 3 .. 455 14 46.4 15 .. 466 4 7 17 46
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a There is a longterm upward trend in the data see the following chart The averagi...View the full answer
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Related Book For
Operations Management
ISBN: 978-0071091428
4th Canadian edition
Authors: William J Stevenson, Mehran Hojati
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