Question: Month Sales 1 242 2 235 3 232 4 178 5 184 6 140 7 145 8 152 9 110 10 130 11 152 12
| Month | Sales |
| 1 | 242 |
| 2 | 235 |
| 3 | 232 |
| 4 | 178 |
| 5 | 184 |
| 6 | 140 |
| 7 | 145 |
| 8 | 152 |
| 9 | 110 |
| 10 | 130 |
| 11 | 152 |
| 12 | 206 |
| 13 | 263 |
| 14 | 238 |
| 15 | 247 |
| 16 | 193 |
| 17 | 193 |
| 18 | 149 |
| 19 | 157 |
| 20 | 161 |
| 21 | 122 |
| 22 | 130 |
| 23 | 167 |
| 24 | 230 |
| 25 | 282 |
| 26 | 255 |
| 27 | 265 |
| 28 | 205 |
| 29 | 210 |
| 30 | 160 |
| 31 | 166 |
| 32 | 174 |
| 33 | 126 |
| 34 | 148 |
| 35 | 173 |
| 36 | 235 |
Assume that January sales for the fourth year turn out to be $295,000. a. What was your forecast error? b. If this error is large, Karen may be puzzled about the difference between your forecast and the actual sales value. What can you do to resolve her uncertainty about the forecasting procedure?
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