Problem 15-8 Spreadsheet Problem: Seasonal and Trend Estimated Sales (LG15-2)
MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Problem 15-8 Spreadsheet Problem: Seasonal and Trend Estimated Sales (LG15-2)
John’s Bait and Fish Shop has had the monthly sales amounts listed below for the last four years.
Year: | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|
January | $ 417,772 | $ 585,999 | $ 334,477 | $ 587,237 |
February | 113,110 | 138,191 | 166,936 | 114,904 |
March | 139,878 | 177,804 | 86,993 | 138,381 |
April | 428,153 | 392,620 | 512,393 | 458,459 |
May | 437,586 | 927,701 | 535,856 | 851,239 |
June | 743,541 | 1,085,502 | 598,028 | 741,220 |
July | 1,449,469 | 1,250,878 | 1,564,443 | 1,580,045 |
August | 1,428,447 | 1,794,651 | 1,850,385 | 1,590,062 |
September | 1,179,475 | 1,023,896 | 683,008 | 725,453 |
October | 368,881 | 466,181 | 483,351 | 652,794 |
November | 257,238 | 389,475 | 262,180 | 310,030 |
December | 322,024 | 387,349 | 234,914 | 371,080 |
Assuming that there are both seasonality and a trend, estimate monthly sales for each month of the coming year.
Note: Round your answers to the nearest whole dollar amount.
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