The Taco Barn
After tallying the receipts for their first year of operation, the owners of the Taco Barn are encouraged. Sales of their artisanal tacos, made from such exotic ingredients as ground beef, cheese, and beans, have been strong and seem to give hope to the coming year. Taco sales by month are shown in the table.
Month | Sales |
January | 474 |
February | 485 |
March | 501 |
April | 588 |
May | 579 |
June | 673 |
July | 594 |
August | 679 |
September | 608 |
October | 699 |
November | 732 |
December | 732 |
The manager is open to suggestions for forecasting models. Plot the data and discuss the efficacy of the moving average, weighted moving average, exponential smoothing, and trend as the relate to this data.