Question: Question 7 (2 points) Ross Stores Inc. purchases imported high end cosmetics in bulk, packages them, and sells them in its retail stores. The managers

Question 7 (2 points) Ross Stores Inc. purchases imported high end cosmetics in bulk, packages them, and sells them in its retail stores. The managers are conducting an inventory control study of all their items. The following data are for one such item, which is not seasonal. What is the forecast for the second month of the next year (period 14)? (Hint:Use a trend projection to estimate the relationship between time and sales (find the equation). Period 1 2 Month Jan Feb Mar 3 4 5 Apr Sales 43 48 52 57 62 68 71 75 77 6 May Jun Jul Aug Sep Oct Nov Dec 7 8 9 a 10 11 82 12 86 91 95.41 0-5.99 48.44 99.68

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