The following inventory pattern has been observed in the Zahm Corporation over 12 months: Month Inventory Month
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The following inventory pattern has been observed in the Zahm Corporation over 12 months:
Month | Inventory | Month | Inventory | |
Apr-16 | 1,544 | Oct-16 | 1,208 | |
May-16 | 1,913 | Nov-16 | 2,467 | |
Jun-16 | 2,028 | Dec-16 | 2,101 | |
Jul-16 | 1,178 | Jan-17 | 1,662 | |
Aug-16 | 1,554 | Feb-17 | 2,432 | |
Sep-16 | 1,910 | Mar-17 | 2,443 |
Use both three-month and five-month moving-average models to forecast the inventory for the next January. Use mean absolute percentage error (MAPE) to evaluate these two forecasts.
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Forecasting And Predictive Analytics With Forecast X
ISBN: 1860
7th Edition
Authors: J. Holton Wilson, Barry Keating
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