Question: A textbook publishing company has compiled data on total annual sales of its business textbooks for the preceding eight years: Year: 1 2 3 4
A textbook publishing company has compiled data on total annual sales of its business textbooks for the preceding eight years: Year: Sales: a Select the correct data chart and fit an appropriate model to it Chart AChart BChart Cpicturepicturepicture Click to selecta Forecast the preceding eight years, and determine the forecast errors. Negative answers should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to decimal places. YearSales Forecast Error Error a Construct s control limitsRound the final answer to decimal places.s control limits are pm b Using the model, forecast textbook sales for each of the next five years. Round the final answers to decimal place. Year Sales Forecast Error c Suppose actual sales for the next five years turn out as follows: Year: Sales:Calculate the forecast errors for years to Is the forecasting process in control?Click to select
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