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You have been given sales data (in millions of pounds of shrimp) for the last 20 periods. Please forecast sales figures for the next seven periods...

You have been given sales data (in millions of pounds of shrimp) for the last 20 periods.
Please forecast sales figures for the next seven periods (periods 21 to 27).

Sales period 1 2 3 4 5 6 7 8 9 10 11 12 13 Sales 8.14 20.15 24.44 23.45 15.68 26.12 32.38 32.67 34.18 22.72 30.8 40.75 43.12 You have been given sales data (in millions of pounds of shrimp) for the last 20 periods. Please forecast sales figures for the next seven periods (periods 21 to 27). (10 marks)
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14 15 16 17 18 19 20 21 22 23 24 25 26 27 41.77 33.24 40.85 49.63 55.06 56.04 47.86
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Top Answer

The way to approach this... View the full answer

8550501.docx

We have to use Regression as the forecasting procedure here where sales would be dependent
variable and Sales period would be independent variable.
The regression output is given below,
SUMMARY...

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