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
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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
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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