A Time Series Analysis On Production Of Beer (Golden Guinea) At Golden Guinea Breweries Plc. Umuahia, Abia-State

ABST RACT

In this project work the production data for Golden Guinea Breweries Plc Umuahia was analysed by the method of time series. Specifically, the method of simple descriptive time series analysis was employed while the multiplication approach of separating the components was adopted. The method and approach helped us to construct a mathematical model that could be used in predicting future production valves. The results of all the test carried out in this work showed that all the four components of a time series were all present. The data maintained a stable trend for the whole 7 years. It was also estimated that the product of cyclical and irregular components was assumed to be unity. Finally, the trend and seasonal component were used in predicting the 2001 production values. Conclusions were drawn based on the results of the study and recommendations were offered.