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Sales data for two years are as follows. Data are aggregated with two months of sales (in 1,000 units) in each "period."                              

Year 1

Year 2

Period

Sales

Period

Sales

January-February

115

January-February

124

March-April

112

March-April

132

May-June

159

May-June

168

July-August

182

July-August

203

September-October

126

September-October

135

November-December

106

November-December

123

A) Plot the data.

B) Fit a linear regression model to the sales data.

C) In addition to the regression model, determine multiplicative seasonal index factors. A full cycle is assumed to be a full year.

D) Using the results from parts b) and c), prepare a forecast for the next year.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92783063

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