Coal shipments from a mine for the past 18 weeks are: a. Plot the data as time
Question:
Coal shipments from a mine for the past 18 weeks are:
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 19.
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Step by Step Answer:
a There is a longterm upward trend in the data see the following chart The averaging ...View the full answer
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