The following daily sales figures have been recorded in a medium-size merchandising firm. a. Compute the three-day

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The following daily sales figures have been recorded in a medium-size merchandising firm.

Week Day 3 Monday Tuesday Wednesday Thursday Friday 43 45 51 40 64 41 57 58 22 37 30 33 25 22 33 38 31 25 37 25

a. Compute the three-day moving averages.

b. Plot the time series and the moving averages on a graph.

c. Does there appear to be a seasonal (weekly) pattern?

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Statistics For Management And Economics

ISBN: 9781337093453

11th Edition

Authors: Gerald Keller

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Question Posted: May 22, 2018 07:51 AM

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The following daily sales figures have been recorded in a medium-size merchandising firm. a. Compute the three-day

Question:

Week Day 3 Monday Tuesday Wednesday Thursday Friday 43 45 51 40 64 41 57 58 22 37 30 33 25 22 33 38 31 25 37 25

Step by Step Answer:

a Sales 3Day moving average 5Day moving average 43 45 4345223 3667 22 4522253 3067 43452225315 ...View the full answer

Statistics For Management And Economics

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