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: 12345678
Sales(000): 37.0043.1047.6050.9055.5057.5063.9067.80
a-1. Select the correct data chart and fit an appropriate model to it.
Chart A Chart B Chart C
picture
picture
picture
(Click to select)
a-2. 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 2 decimal places.)
Year Sales(000) Forecast Error Error\Lambda 2
137.00
243.10
347.60
450.90
555.50
657.50
763.90
867.80
a-3. Construct 2s control limits.(Round the final answer to 2 decimal places.)
2s control limits are \pm
b. Using the model, forecast textbook sales for each of the next five years. (Round the final answers to 1 decimal place.)
Year Sales(000) Forecast Error
974.30
1076.00
1183.20
1287.30
1392.50
c. Suppose actual sales for the next five years turn out as follows:
Year: 910111213
Sales(000): 74.3076.0083.2087.3092.50
Calculate the forecast errors for years 9 to 13. Is the forecasting process in control?
(Click to select)

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