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Essay Details:
Essay text:
Then Holt's linear exponential smoothing is used to forecast the sale for the end of the year 2007.
2. Problem Statement
The data contains quarterly sales (in millions of dollars) for a large department store from the first quarter of 1947 through the fourth quarter of 2006. If the retail sales of this department store are growing exponentially through this entire period? What should the retail sales of this department store be projected for the end of the 2007 according to its historical sale record? The objective of this data analysis is to estimate and interpret the company's exponential growth and to see whether it has been maintained during the entire period from 1947 until the end of 2006...
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