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Using the Data in the Table, First Plot the Data

question 3

Essay

Using the data in the table, first plot the data and comment on the appearance of the demand pattern. Then develop a forecast for periods 51-70 that fits the data.
 Time  Output  Time  Output  Time  Output  Time  Output 112.51416.42719.24011.3214.81511.72810.64111.1315.31611.12916.84252.54151711.93022.54311.3511.51811.33115.54419.3611.61913.73211.74512712.82016.33311.94615.5851.92113.134134720.59112210.83511.94816.51019.72310.33613.54912.51111.924113716.55010.51217.82551.438141320.32611.63911\begin{array}{|c|c|c|c|c|c|c|c|}\hline \text { Time } & \text { Output } & \text { Time } & \text { Output } & \text { Time } & \text { Output } & \text { Time } & \text { Output } \\\hline 1 & 12.5 & 14 & 16.4 & 27 & -19.2 & 40 & 11.3 \\\hline 2 & 14.8 & 15 & 11.7 & 28 & 10.6 & 41 & 11.1 \\\hline 3 & 15.3 & 16 & 11.1 & 29 & 16.8 & 42 & 52.5 \\\hline 4 & 15 & 17 & 11.9 & 30 & 22.5 & 43 & 11.3 \\\hline 5 & 11.5 & 18 & 11.3 & 31 & 15.5 & 44 & -19.3 \\\hline 6 & 11.6 & 19 & 13.7 & 32 & 11.7 & 45 & 12 \\\hline 7 & 12.8 & 20 & 16.3 & 33 & 11.9 & 46 & 15.5 \\\hline 8 & 51.9 & 21 & 13.1 & 34 & 13 & 47 & 20.5 \\\hline 9 & 11 & 22 & 10.8 & 35 & 11.9 & 48 & 16.5 \\\hline 10 & -19.7 & 23 & 10.3 & 36 & 13.5 & 49 & 12.5 \\\hline 11 & 11.9 & 24 & 11 & 37 & 16.5 & 50 & 10.5 \\\hline 12 & 17.8 & 25 & 51.4 & 38 & 14 & & \\\hline 13 & 20.3 & 26 & 11.6 & 39 & 11 & &\\\hline\end{array}


Definitions:

FOB Shipping Point

A term indicating that the buyer assumes ownership and responsibility for goods at the seller's location, and pays for shipping costs.

FOB Destination

A shipping term indicating that the seller bears the cost and risk of transporting goods until they are delivered to the buyer's location.

Physical Inventory

The process of counting and verifying the actual stock in a business at a specific point in time.

Perpetual Inventory System

A digital system for inventory management that immediately documents any inventory sale or purchase using electronic point-of-sale systems along with enterprise asset management software.

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