Solution-Plot the time series, The revenues (in $millions)

Plot the time series

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Reference no: EM13831026

The revenues (in $millions) of a chain of ice cream stores are listed for each quarter during the previous 5 years.

	Year
Quarter	2009	2010	2011	2012	2013
1	16	14	17	18	21
2	25	27	31	29	30
3	31	32	40	45	52
4	24	23	27	24	32

Plot the time series.
Discuss why exponential smoothing is not recommended as a forecasting tool in this problem.
Use regression analysis to determine the trend line.
Determine the seasonal indexes.
Using the seasonal indexes and trend line, forecast revenues for the next four quarters.

Reference no: EM13831026

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Plot the time series

Reference no: EM13831026

Reference no: EM13831026

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