A pharmaceutical company would like to make an accurate forecast about vitamins sales in 2022. Using sales as the Y variable and time ( year) as the x variable, 1.Determine the slope and the intercept of the trend equation. 2. Provide a forecast of the sales for the period 2015-2022 using the 3 year moving average method. 3. Compute the
A pharmaceutical company would like to make an accurate forecast about vitamins sales in 2022. Using sales as the Y variable and time ( year) as the x variable, 1.Determine the slope and the intercept of the trend equation. 2. Provide a forecast of the sales for the period 2015-2022 using the 3 year moving average method. 3. Compute the
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A pharmaceutical company would like to make an accurate forecast about vitamins sales in 2022.
Using sales as the Y variable and time ( year) as the x variable,
1.Determine the slope and the intercept of the trend equation.
2. Provide a forecast of the sales for the period 2015-2022 using the 3 year moving average method.
3. Compute the accuracy measure MAPE for the naïve and the 3-year moving
average. Conclude about which method to advise.

Transcribed Image Text:Ten-year sales data
Year
Sales ($millions)
2012
7.84
2013
12.26
2014
13.11
2015
15.78
2016
21.29
2017
25.68
2018
23.80
2019
26.43
2020
29.16
2021
33.06
2022
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