Plot the sales revenue figures and appropriate trend line on a graph and identify from this the choice of model for working out the seasonal component.Using the appropriate seasonal model, complete the calculations that are required to produce the required forecasts for quarters 1, 2, 3 and 4 of 2021.On the basis of your analysis explain the recommendation that you would make to ALAW Ltd regarding its future plans. ALAW Ltd has experienced a growth in its product markets over the last three yearsand is concerned about its capacity to deal with the increasing number of orders it isreceiving. In order to better understand future patterns of demand for their productsand devise an appropriate strategy the owners have asked you to analyse pasttrends and prepare forecasts for the following year.Quarterly data on their sales revenue between 2018 and 2020 are presented below.Sales Revenue (£000's)Q1Q2Q3Q42018248644262019108272122662020234600240184

ALAW Ltd has experienced a growth in its product markets over the last three years and is concerned…

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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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Plot the sales revenue figures and appropriate trend line on a graph and identify from this the choice of model for working out the seasonal component.

Using the appropriate seasonal model, complete the calculations that are required to produce the required forecasts for quarters 1, 2, 3 and 4 of 2021.

On the basis of your analysis explain the recommendation that you would make to ALAW Ltd regarding its future plans.

ALAW Ltd has experienced a growth in its product markets over the last three years
and is concerned about its capacity to deal with the increasing number of orders it is
receiving. In order to better understand future patterns of demand for their products
and devise an appropriate strategy the owners have asked you to analyse past
trends and prepare forecasts for the following year.
Quarterly data on their sales revenue between 2018 and 2020 are presented below.
Sales Revenue (£000's)
Q1
Q2
Q3
Q4
2018
24
86
44
26
2019
108
272
122
66
2020
234
600
240
184

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