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Consider the following set of time series sales data for a growing company over the past 8 months: Month  Sales 1           15 2           14 3           18 4           24 5           20 6           25 7           23 8           20 Construct a time series plot.  What type of pattern exists?                           Develop a forecast for the next month using a four-month moving average method. Develop a forecast for the next […]

Consider the following set of time series sales data for a growing company over the past 8 months: Month  Sales 1           15 2           14 3           18 4           24 5           20 6           25 7           23 8           20 Construct a time series plot.  What type of pattern exists?                           Develop a forecast for the next month using a four-month moving average method. Develop a forecast for the next […]

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