Sales A company that produces snowboards forecasts monthly sales over the next 2 years to be S = 23.1 + 0.442 t + 4.3 c o s π t 6 where S is measured in thousands of units and t is the time in months, with t = 1 corresponding to January 2017. Predict the sales for each of the following months. a February 2017 b February 2018 c June 2017 d June 2018
Sales A company that produces snowboards forecasts monthly sales over the next 2 years to be S = 23.1 + 0.442 t + 4.3 c o s π t 6 where S is measured in thousands of units and t is the time in months, with t = 1 corresponding to January 2017. Predict the sales for each of the following months. a February 2017 b February 2018 c June 2017 d June 2018
Solution Summary: The author calculates the sales for the month of February 2017 when a snowboard company forecasts their monthly sales over the upcoming two years.
Sales A company that produces snowboards forecasts monthly sales over the next
2
years to be
S
=
23.1
+
0.442
t
+
4.3
c
o
s
π
t
6
where
S
is measured in thousands of units and
t
is the time in months, with
t
=
1
corresponding to January 2017. Predict the sales for each of the following months.
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Time Series Analysis Theory & Uni-variate Forecasting Techniques; Author: Analytics University;https://www.youtube.com/watch?v=_X5q9FYLGxM;License: Standard YouTube License, CC-BY