Assignment 1

Assignment 1

Submit your homework during the class in November 12, 2019

A table below represents monthly sales data of a hypothetical auto mobile product.

Table 1. Sales Data

Period Sales
Jan-12 5378
Feb-12 6729
Mar-12 7862
Apr-12 8420
May-12 9740
Jun-12 10321
Jul-12 11322
Aug-12 12930
Sep-12 11721
Oct-12 13458
Nov-12 11932
Dec-12 10235

Answer the following questions.

  1. Use the first six months data to estimate the Bass model parameters (p, q, and m).
  2. Plot the values of actual and predicted sales.

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