While conducting an end-of-year finished goods inventory at his furniture store,
While conducting an end-of-year finished goods inventory at his furniture store, Bob was able to construct the
following data on of his nonseasonal furniture items.
– Use trend projection to estimate the relationship between time and sales (state the equation).
– Calculate forecasts for the remaining 5 months of the next year.
1 2 3 4 5 6 7
Jan Feb Mar Apr May June july
53 57 55 59 64 71 55