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.

Corporation
A 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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