Forecasting_Homework

Forecasting_Homework - Data for Upper Flutzland Year GDP 1...

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Data for Samantha's Super Sectional Sofas Quarter %Defective 1 7.31 2 6.19 3 7.44 4 6.61 5 7.33 6 7.43 7 6.74 8 7.35 9 6.86 10 11.40 11 6.08 12 6.65 13 8.24 14 7.33 15 6.27 16 7.03 17 7.52 18 7.80 19 7.21 20 7.23 21 7.27 22 6.92 23 7.55 24 7.75 Note: These data represent her percentage of defective units produced for each quarter.
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Data for Colleen's Cajun Cannery Week # OT Hours 1 13 2 16 3 18 4 17 5 19 6 21 7 23 8 22 9 25 10 29 11 34 12 42 13 55 Note: These data represent her weekly number of overtime hours used.
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Simpson's Inc. Quarter 1 56 2 48 3 58 4 67 5 59 6 51 7 64 8 71 9 73 10 67 11 78 12 84 13 77 14 70 15 82 16 89 17 83 18 74 19 84 20 93 21 86 22 78 23 85 24 93 Note: Simpson's produces nonwoven fabric rolls. # of rolls ordered
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Sally's Sensational Stationery Sales Data Quarter Sales 1 6455 2 8779 3 13897 4 18920 5 24225 6 26190 7 27440 8 37562 9 29895 10 29120 11 28540 12 39985 13 33255 14 32110 15 30875 16 41234 17 36476 18 34860 19 32197 20 43940 21 39723 22 37890 23 35230 24 46115 25 41432 26 39243 27 36922 Note: The sales figures are in dollars.
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Unformatted text preview: Data for Upper Flutzland Year GDP 1 62.6 2 66.7 3 68.8 4 64.5 5 63.2 6 55.6 7 54.5 8 63.8 9 65.3 10 67.4 11 65.9 12 78.9 13 80.8 14 81.3 15 82.5 Note: These data are the real GDP (in $000,000,000) indexed to Year 1 dollars. Forecasting Homework 1. Do problems 7, 8, and 10 in Chapter 5. 2. For each of the five worksheets on here, answer the following: a. What forecasting method is most appropriate? Explain. b. Use the method indicated in a., and discuss the efficacy of the model (i.e., how well does it fit the data). c. What is your recommendation regarding future forecasts? 3. Discuss at least two potential application of forecasting in your job or field....
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Forecasting_Homework - Data for Upper Flutzland Year GDP 1...

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