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##### The number of employees on the payroll at a food

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solution

Question

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 attached file. 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-tomoving-average method. b. Forecast this time series for the first 4 months of the next year using the most appropriate method. Defend your choice of forecasting method.;I need to understand HOW to do this not just the answer. I am confused on the step by step procedure using StatTools 5.7";Attachment Preview;Chapter_13_Problem_58.xls;Number of Employees at a Food Processing Plant;Month;January;February;March;April;May;June;July;August;September;October;November;December;January;February;March;April;May;June;July;August;September;October;November;December;January;February;March;April;May;June;July;August;September;October;November;December;Year;1;1;1;1;1;1;1;1;1;1;1;1;2;2;2;2;2;2;2;2;2;2;2;2;3;3;3;3;3;3;3;3;3;3;3;3;Employees;350;348;353;353;349;377;375;403;412;409;398;357;349;351;350;355;346;377;372;405;416;407;399;355;347;351;350;352;343;374;375;408;412;410;400;357

Paper#33204 | Written in 18-Jul-2015

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