Ratio-to moving-average method as a forecasting method
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See attached data file.
58. The number of employees on the payroll at a food processing plant is recorded at the start of each month.
These data are provided in the file P13_03.xlsx.
a. Is there a seasonal pattern in these data? If so, how do you explain this seasonal pattern? Also, if necessary,
deseasonalize these data using the ratio-to-moving-average method.
b. Forecast this time series for the first 4 months ofthe next year using the most appropriate method.
Defend your choice of forecasting method.
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Solution Summary
This solution provides a step by step method for computing forecasts based on Ratio-to moving-average method.
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