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Simple linear regression to forecast total usage of pallets

Simple linear regression to forecast total usage of pallets

Simple linear regression to forecast total usage of pallets

Monthly usage data for pallets used in a distribution center are as follows:

Year 1 2 3 4

Jan 1484 1482 1792 1902

Feb 1394 1400 1586 1722

Mar 1552 1548 1770 1876

April 1796 1864 2110 2218

May 2060 2198 2408 2548

June 2214 2446 2652 2844

July 2330 2580 2606 2972

Aug 2432 2698 2872 3110

Sept 2416 2682 2946 3208

Oct 2262 2592 2906 3200

Nov 1942 2132 2340 2806

Dec 1566 1802 2046 2418

a) Calculate the monthly usage for each month

b) Use simple linear regression to forecast total usage of pallets for year 5

c) Forecast the seasonally adjusted usage for pallets for each month in year 5.

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