Question: 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

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 third month of the next year (period 15)? (Hint :Use a trend projection to estimate the relationship between time and sales (find the equation). Period 1 Sales 43 2 3 48 52 57 4 5 6 Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 62 68 71 7 8 75 9 10 77 82 86 91 11 12

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