The data in the table below are for retail sales in book stores by quarter. U.S. Retail
Question:
The data in the table below are for retail sales in book stores by quarter.
U.S. Retail Book Sales (in Millions of Dollars, NSA)
Date | Sales | Date | Sales | Date | Sales | ||
Mar-02 | 1,866 | Mar-07 | 3,197 | Mar-12 | 3,983 | ||
Jun-02 | 1,666 | Jun-07 | 2,575 | Jun-12 | 3,132 | ||
Sep-02 | 2,351 | Sep-07 | 3,290 | Sep-12 | 4,328 | ||
Dec-02 | 2,455 | Dec-07 | 3,693 | Dec-12 | 4,007 | ||
Mar-03 | 2,169 | Mar-08 | 3,273 | Mar-13 | 3,969 | ||
Jun-03 | 1,815 | Jun-08 | 2,713 | Jun-13 | 3,257 | ||
Sep-03 | 2,498 | Sep-08 | 3,514 | Sep-13 | 4,824 | ||
Dec-03 | 2,637 | Dec-08 | 3,794 | Dec-13 | 4,129 | ||
Mar-04 | 2,326 | Mar-09 | 3,480 | Mar-14 | 4,298 | ||
Jun-04 | 2,020 | Jun-09 | 2,943 | Jun-14 | 3,312 | ||
Sep-04 | 2,858 | Sep-09 | 3,654 | Sep-14 | 4,811 | ||
Dec-04 | 2,915 | Dec-09 | 4,108 | Dec-14 | 4,336 | ||
Mar-05 | 2,725 | Mar-10 | 3,628 | Mar-15 | 4,261 | ||
Jun-05 | 2,283 | Jun-10 | 3,203 | Jun-15 | 3,278 | ||
Sep-05 | 3,134 | Sep-10 | 4,051 | Sep-15 | 4,991 | ||
Dec-05 | 3,066 | Dec-10 | 4,010 | Dec-15 | 4,447 | ||
Mar-06 | 2,876 | Mar-11 | 3,719 | ||||
Jun-06 | 2,445 | Jun-11 | 3,084 | ||||
Sep-06 | 3,190 | Sep-11 | 4,234 | ||||
Dec-06 | 3,407 | Dec-11 | 4,073 |
- Plot these data and examine the plot. Does this view of the data suggest a particular smoothing model? Do the data appear to be seasonal? Explain.
- Use an exponential smoothing method to forecast the next four quarters. Plot the actual and forecast values.
Step by Step Answer:
Forecasting And Predictive Analytics With Forecast X
ISBN: 978-1259903915
7th edition
Authors: J. Holton Wilson, Barry Keating