(a) Use MegaStat or MINITAB to deseasonalize the monthly Corvette sales data and fit a trend. Interpret the results. (b) Use MegaStat or MINITAB to perform a regression using seasonal binaries. Interpret the results. (c) Use the regression equation to make a prediction for each month in 2004. (d) If you have access to Ward’s Automotive Yearbook. 2005 (67th edition), check your forecasts. How accurate were they? Corvette
U.S. Corvette Sales, 2000-2004 (number of cars sold) | ||||
Month | 2000 | 2001 | 2002 | 2003 |
Jan | 1,863 | 2,252 | 2,443 | 1,468 |
Feb | 2,765 | 2,766 | 3,354 | 1,724 |
Mar | 3,440 | 2,923 | 1,877 | 2,792 |
Apr | 3,018 | 2,713 | 2,176 | 6,249 |
May | 2,725 | 2,847 | 3,049 | 2,441 |
Jun | 2,538 | 2,521 | 2,708 | 2,272 |
Jul | 1,598 | 2,000 | 2,960 | 2,007 |
Aug | 2,861 | 2,789 | 2,912 | 2,107 |
Sep | 2,942 | 3,639 | 2,960 | 1,615 |
Oct | 2,748 | 4,647 | 3,094 | 1,878 |
Nov | 2,376 | 2,910 | 2,163 | 1,596 |
Dec | 2,334 | 1,648 | 2,859 | 1,825 |
Total | 31,208 | 33,655 | 32,555 | 27,974 |
Source: Ward’s Automotive Yearbook. 2001- 2004.
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