Month No. Produced Month No. Produced 2008–01 4,959 2009-01 6,733 2008–02 8,463 2009-02 1,006 2008–03 11,706 2009-03 9,328 2008–04 9,907 2009-04 9,072 2008–05 9,354 2009-05 8,738 2008–06 11,297 2009-06 12,259 2008–07 8,905 2009-07 9,519 2008–08 12,249 2009-08 12,113 2008–09 19,160 2009-09 14,044 2008–10 14,264 2009–10 16,650 2008–11 13,687 2009–11 16,912 2008–12 8,657 2009–12 13,851

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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  1. ThenumberofToyotaCorollasproducedintheCambridge,Ontario,plantduringeach month of January 2008 to December 2009 period was as follows

     
    Assume that the cars are sold in the same month they are produced. Identify an appropriate forecasting technique, briefly state the reason(s) you chose it, and forecast Corolla demand in January 2010.

 

Month
No. Produced Month
No. Produced
2008–01
4,959
2009-01
6,733
2008–02
8,463
2009-02
1,006
2008–03
11,706
2009-03
9,328
2008–04
9,907
2009-04
9,072
2008–05
9,354
2009-05
8,738
2008–06
11,297
2009-06
12,259
2008–07
8,905
2009-07
9,519
2008–08
12,249
2009-08
12,113
2008–09
19,160
2009-09
14,044
2008–10
14,264
2009–10
16,650
2008–11
13,687
2009–11
16,912
2008–12
8,657
2009–12
13,851
Transcribed Image Text:Month No. Produced Month No. Produced 2008–01 4,959 2009-01 6,733 2008–02 8,463 2009-02 1,006 2008–03 11,706 2009-03 9,328 2008–04 9,907 2009-04 9,072 2008–05 9,354 2009-05 8,738 2008–06 11,297 2009-06 12,259 2008–07 8,905 2009-07 9,519 2008–08 12,249 2009-08 12,113 2008–09 19,160 2009-09 14,044 2008–10 14,264 2009–10 16,650 2008–11 13,687 2009–11 16,912 2008–12 8,657 2009–12 13,851
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