Probability prediction of sales
Statistics: Testing a claim About a mean of voltage from UPS
July 9, 2019Statistical Techniques in Business and Economics
July 9, 2019The following are sales for the last eight periods:
Period Sales
1 750
2 820
3 600
4 850
5 900
6 700
7 800
8 875
Using a 4-month moving average, what would be your prediction for period 9?
1. The following are the actual sales for the last eight periods:
Period Sales
1 750
2 …
This solution calculates a prediction of upcoming sales based on past data.
