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Using the Data in the Table, First Plot the Data

Question 46

Essay

Using the data in the table, first plot the data and comment on the appearance of the demand pattern. Then develop a forecast for periods 51-70 that fits the data.
 Time  Output  Time  Output  Time  Output  Time  Output 112.51416.42719.24011.3214.81511.72810.64111.1315.31611.12916.84252.54151711.93022.54311.3511.51811.33115.54419.3611.61913.73211.74512712.82016.33311.94615.5851.92113.134134720.59112210.83511.94816.51019.72310.33613.54912.51111.924113716.55010.51217.82551.438141320.32611.63911\begin{array}{|c|c|c|c|c|c|c|c|}\hline \text { Time } & \text { Output } & \text { Time } & \text { Output } & \text { Time } & \text { Output } & \text { Time } & \text { Output } \\\hline 1 & 12.5 & 14 & 16.4 & 27 & -19.2 & 40 & 11.3 \\\hline 2 & 14.8 & 15 & 11.7 & 28 & 10.6 & 41 & 11.1 \\\hline 3 & 15.3 & 16 & 11.1 & 29 & 16.8 & 42 & 52.5 \\\hline 4 & 15 & 17 & 11.9 & 30 & 22.5 & 43 & 11.3 \\\hline 5 & 11.5 & 18 & 11.3 & 31 & 15.5 & 44 & -19.3 \\\hline 6 & 11.6 & 19 & 13.7 & 32 & 11.7 & 45 & 12 \\\hline 7 & 12.8 & 20 & 16.3 & 33 & 11.9 & 46 & 15.5 \\\hline 8 & 51.9 & 21 & 13.1 & 34 & 13 & 47 & 20.5 \\\hline 9 & 11 & 22 & 10.8 & 35 & 11.9 & 48 & 16.5 \\\hline 10 & -19.7 & 23 & 10.3 & 36 & 13.5 & 49 & 12.5 \\\hline 11 & 11.9 & 24 & 11 & 37 & 16.5 & 50 & 10.5 \\\hline 12 & 17.8 & 25 & 51.4 & 38 & 14 & & \\\hline 13 & 20.3 & 26 & 11.6 & 39 & 11 & &\\\hline\end{array}

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Data are highly seasonal as the graph an...

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