The table below shows the most recent observations of quarterly wine production (in pounds) from a California
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The table below shows the most recent observations of quarterly wine production (in pounds) from a California winery.
a) According to the naive method, what is the forecast for Q4-18?
b) According to the naive method, what is the forecast for Q1-19?
c) How good do you think the Q1-19 forecast in part (b) will be? Explain.
Transcribed Image Text:
Q1-18 Q2-18 Q3-18 Quarter Q4-16 Q1-17 Q2-17 Q3-17 Q4-17 Production 2000.0 350.3 420.9 2100.6 2050.7 210.3 380.5 2200.6
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Related Book For
Principles Of Managerial Statistics And Data Science
ISBN: 9781119486411
1st Edition
Authors: Roberto Rivera
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