Question: 28. Refer to Problem 27.The default multiplicative decomposition in Minitab assumes a linear trend. Fit and plot a linear trend line to the Wal-Mart sales.
28. Refer to Problem 27.The default multiplicative decomposition in Minitab assumes a linear trend. Fit and plot a linear trend line to the Wal-Mart sales. Is a linear trend appropriate for these data? If not, can you suggest a trend curve that might be appropriate? Fit your suggested trend curve and store the residuals. Compute the residual autocorrelations. Do the residual autocorrelations suggest a seasonal component? Explain.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
