Table 1 shows the monthly sales of tires over the last 5 years. Graphically analyse the...

 

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Table 1 shows the monthly sales of tires over the last 5 years. Graphically analyse the time series and explain how you could use the simple model to forecast monthly sales. Table 1: Monthly tires sales over 5 years Month Years 1 2 3 4 5 19 27 29 33 36 January February 20 26 28 32 34 March 20 30 37 41 43 22 30 3944 47 27 35 40 50 49 27 32 35 52 51 24 26 23 44 40 April May June July August 30 30 35 45 43 September 32 35 40 53 49 October 36 39 49 63 57 November 37 38 46 54 55 December 42 47 56 71 66 Table 1 shows the monthly sales of tires over the last 5 years. Graphically analyse the time series and explain how you could use the simple model to forecast monthly sales. Table 1: Monthly tires sales over 5 years Month Years 1 2 3 4 5 19 27 29 33 36 January February 20 26 28 32 34 March 20 30 37 41 43 22 30 3944 47 27 35 40 50 49 27 32 35 52 51 24 26 23 44 40 April May June July August 30 30 35 45 43 September 32 35 40 53 49 October 36 39 49 63 57 November 37 38 46 54 55 December 42 47 56 71 66

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Here are the steps to generate a simple forecast of the monthly sales for year 6 using the data prov... View the full answer