Discussion questions week 2 Essay Example | Topics and Well Written Essays - 750 words

Discussion questions week 2 - Essay ExampleThe technique go off be applied to different type of business data such as production, sales, inventories, investment, gross materials, employee needs, and breeding products (Mann, 1995). Time series analysis can be applied to forecast the revenue stream of a public company such as Starbucks. The raw data needed is the historic revenue of the company. The raw data concerning the revenues of Starbucks is illustrated belowThe consumer confidence index shows how people feel about the American economy. The index was mickle with a base in 1985 which represents the first year the index evaluated the consumer confidence in the economy. In whitethorn 2008 the index had a value of 57.2, while in October 1992 the index had a value of 54.6. Both these clock time period represent a position in time in which the country was facing recessionary forces. The value of the index subjects that people had more confidence in the economy in May 2008 than in October 1992. If the consumer index was 62.8 in April 2008, this would imply that the citizens of the United States suddenly lost major confidence in the state of the economy in a short period of time. There was a negative change of 5.6 in the index between April and May of