Question: A textbook publishing company has compiled data on total annual sales of its business texts for the preceding nine years: Click here for the Excel
A textbook publishing company has compiled data on total annual sales of its business texts for the preceding nine years:
Click here for the Excel Data File
a Using an appropriate model, forecast textbook sales for each of the next five years.
Note: Round your intermediate calculations to decimal places and final answers to decimal places.
b Compute control limits for the control chart for forecast errors using just data from the original nine periods.
Note: Round your intermediate calculations to decimal places and final answer to decimal places.
Control limits are
c Suppose actual sales for the next five years turn out as follows:
Is the forecast performing adequately?
Yes
No
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