Given the following past sales data, forecast the demand for the next 2 years. Account for trend and seasonality
Given the following past sales data, forecast the demand for the next 2 years. Account for trend and seasonality
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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![Given the following past sales data, forecast the demand for the next 2 years. Account for trend and seasonality
Month Sales (in $)
1
47293
2
59990
59343
4
44024
5
43291
6
16300
7
12051
3483
2475
10
14938
11
26881
12
69145
13
90596
14
121463
15
260497
16
142354
17
141315
18
44242
19
43327
20
15418
21
10343
22
71321
23
171288
24
314840
25
453541
26
510018
27
805696
28
530590
29
516820
30
161634
31
182891
32
43406](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F561e6b49-da59-49a1-8d1e-f37531108f67%2Fd6c2a74f-97e0-47d8-84f4-8309fa4999d8%2Fi2etcjt_processed.png&w=3840&q=75)
Transcribed Image Text:Given the following past sales data, forecast the demand for the next 2 years. Account for trend and seasonality
Month Sales (in $)
1
47293
2
59990
59343
4
44024
5
43291
6
16300
7
12051
3483
2475
10
14938
11
26881
12
69145
13
90596
14
121463
15
260497
16
142354
17
141315
18
44242
19
43327
20
15418
21
10343
22
71321
23
171288
24
314840
25
453541
26
510018
27
805696
28
530590
29
516820
30
161634
31
182891
32
43406
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