Question: ales data for two years are as follows. Data are aggregated with two months of sales in each period. Months Sales Months Sales January-February March-April

ales data for two years are as follows. Data are aggregated with two months of sales in each period. Months Sales Months Sales January-February March-April May-June July-August September-October November-December 109 104 150 170 120 100 January-February March-April May-June July-August September-October November-December 115 112 159 182 126 106 - Plot the data. . Fit a simple linear regression model to the sales data. . In addition to the regression model, determine multiplicative seasonal index factors. A full cycle is assumed to be a full year. . Using the results from parts b and c, prepare a forecast for the next year
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
