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Table 1 shows the monthly sales of tires over the last 5 years. Graphically analyze the time series and explain how you could use the simple model to forecast monthly sales. Table 1: Monthly tires sales over 5 years Month Years 1 January 19 February 20 March 20 22 April May June July August 30 September 32 October 36 November 37 38 46 54 55 December 42 47 56 71 66 27 27 2 3 4 5 27 29 33 36 26 28 32 34 24 30 37 41 43 30 39 44 47 35 40 50 49 32 35 52 51 26 23 44 40 30 35 45 43 35 40 53 49 39 49 63 57

Table 1 shows the monthly sales of tires over the last 5 years. Graphically analyze the time series and explain how you could use the simple model to forecast monthly sales. Table 1: Monthly tires sales over 5 years Month Years 1 January 19 February 20 March 20 22 April May June July August 30 September 32 October 36 November 37 38 46 54 55 December 42 47 56 71 66 27 27 2 3 4 5 27 29 33 36 26 28 32 34 24 30 37 41 43 30 39 44 47 35 40 50 49 32 35 52 51 26 23 44 40 30 35 45 43 35 40 53 49 39 49 63 57

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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Table 1 shows the monthly sales of tires over the last 5 years. Graphically analyze the time series and explain how you could use the simple model to forecast monthly sales. Table 1: Monthly tires sales over 5 years Month Years 1 January 19 February 20 March 20 April May June 22 27 27 July 24 August 30 September 32 October 36 November 37 December 42 LO 2 3 4 5 27 29 33 36 26 28 32 34 30 37 41 43 30 39 44 47 35 40 50 49 32 35 52 51 26 23 44 40 30 35 45 43 35 40 53 49 39 49 63 57 38 46 54 55 47 56 71 66
Transcribed Image Text:Table 1 shows the monthly sales of tires over the last 5 years. Graphically analyze the time series and explain how you could use the simple model to forecast monthly sales. Table 1: Monthly tires sales over 5 years Month Years 1 January 19 February 20 March 20 April May June 22 27 27 July 24 August 30 September 32 October 36 November 37 December 42 LO 2 3 4 5 27 29 33 36 26 28 32 34 30 37 41 43 30 39 44 47 35 40 50 49 32 35 52 51 26 23 44 40 30 35 45 43 35 40 53 49 39 49 63 57 38 46 54 55 47 56 71 66
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