The monthly sales of the Cavanaugh Company, pictured in Figure 5.1 (bottom), are given in Table P-14.
Question:
Table P-14
a. Perform a multiplicative decomposition of the Cavanaugh Company sales time series, assuming trend, seasonal, and irregular components.
b. Would you use the trend component, the seasonal component, or both to forecast?
c. Provide forecasts for the rest of 2006.
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