Question: Suppose that you have become concerned about the amount of copier paper used in your office after repeatedly running out of supplies. Your assistant keeps

Suppose that you have become concerned about the amount of copier paper used in your office after repeatedly running out of supplies. Your assistant keeps track of the number of reams (packages of 500 sheets) for 24 weeks:
Suppose that you have become concerned about the amount of

a. Develop a model to forecast each week€™s paper use. Is a simple model or a trend or seasonally enhanced model better?
b. How could you use this information to solve the paper shortage problem?

Week 1 2 3 4 5 6 7 89 10 12 Reams of paper 232 263 271 248 235 261 207 243 237293 243 260 Week 13 14 15 16 17 18 19 20 21 22 23 24 Reams of paper 253 270 230 253 238 272 222 243 289 238 262 234

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a A plot of the data reveals that there is no trend and suggests that seasonality may be present A s... View full answer

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