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Year 1 2 3 4 5 6 7 8 9 10 11
Shipments (in tons) of welded tube by an aluminum producer are shown below:
Tons 2 3 6 10 8 7 12 14 14 18 19
Required: -
(a) Graph the data, and comment on the relationship.
(b) Compute a 3-year moving average, plot it as a dotted line, and use it to forecast shipments in year 12.
(c) Using a weight of 3 for the most recent data, 2 for the next, and 1 for the oldest, forecast shipments in year 12.
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