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

Discussion questions week 2 - Essay Example The technique can be applied to different type of business data such as production, sales, inventories, investment, raw materials, employee needs, and development 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 below The consumer confidence index shows how people feel about the American economy. The index was set with a base in 1985 which represents the first year the index evaluated the consumer confidence in the economy. In May 2008 the index had a value of 57.2, while in October 1992 the index had a value of 54.6. Both these time period represent a position in time in which the country was facing recessionary forces. The value of the index states 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