1.Develop a monthly sales volume forecast for the brand for each of the first six months of Year 6. A total of six monthly forecasts are needed ... one for each of January, Year 6 through to June, Year 6.

Forecaster Forecaster Simulation Problem #3 Simulation "If you torture the data long enough, it will confess." - Anonymous Five years of a well-established brand's monthly sales volume data are shown in the table below. As may be noted, there is substantial seasonality in this brand's sales. January February March April May June July August September October November December Year 1 5,550 5,398 4,236 2,977 2,345 1,198 1,090 1,530 1,388 1,522 2,252 3,746 Year 2 4,782 3,897 5,293 3,747 2,235 1,156 1,196 1,889 1,324 1,069 1,763 2,312 Year 3 5,283 3,544 4,070 2,419 1,863 1,887 1,194 1,759 2,077 1,440 1,601 3,712 Year 4 3,460 4,665 3,930 3,065 1,946 1,602 1,818 2,190 2,007 1,187 1,571 2,720 Year 5 4,014 4,954 4,276 3,350 2,074 1,250 1,392 1,642 1,836 993 1,356 2,542