Answered: canton Supplies, inc., is a service…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

canton Supplies, inc., is a service firm that employs approximately 100 individuals.
Managers of canton Supplies are concerned about meeting monthly cash obligations and
want to develop a forecast of monthly cash requirements. Because of a recent change
in operating policy, only the past seven months of data that follow are considered to be
relevant.
Month 1 2 3 4 5 6 7
Cash Required ($1000s) 205 212 218 224 230 240 246
a. construct a time series plot. What type of pattern exists in the data?
b. Using Minitab or excel, develop a linear trend equation to forecast cash requirements
for each of the next two months.

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