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A). Favors Distribution Company purchases small imported trinkets in bulk, packages them, and sells them to 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. Use a trend projection to estimate the relationship between time and sales (state the equation). Calculate forecasts for the first four months of the next year. 1 2 3 4 5 6 7 8 9 10 11 12 Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Sales 51 55 54 57 50 68 66 59 67 69 75 77

A). Favors Distribution Company purchases small imported trinkets in bulk, packages them, and sells them to 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. Use a trend projection to estimate the relationship between time and sales (state the equation). Calculate forecasts for the first four months of the next year. 1 2 3 4 5 6 7 8 9 10 11 12 Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Sales 51 55 54 57 50 68 66 59 67 69 75 77

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A). Favors Distribution Company purchases small imported trinkets in bulk, packages them, and sells them to 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.

 

  1. Use a trend projection to estimate the relationship between time and sales (state the equation).
  2. Calculate forecasts for the first four months of the next year. 

 

 

1

2

3

4

5

6

7

8

9

10

11

12

Month

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sales

51

55

54

57

50

68

66

59

67

69

75

77
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