Question: A textbook publishing company has compiled data on total annual sales of its business text-books for the preceding eight years: a. Plot the data and

A textbook publishing company has compiled data on total annual sales of its business text-books for the preceding eight years:

A textbook publishing company has compiled data on total annual sales of

a. Plot the data and fit an appropriate model to it. Forecast the preceding eight years, and determine the forecast errors. Finally, construct a 2s control chart.
b. Using the model, forecast textbook sales for each of the next five years.
c. Suppose actual sales for the next five years turn out as follows:

its business text-books for the preceding eight years:a. Plot the data and

Calculate tire forecast errors for years 9 to 13. Is the forecasting process in control? Explain.

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