16.34 A manager in charge of inventory control requires sales forecasts for several products, on a monthly
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16.34 A manager in charge of inventory control requires sales forecasts for several products, on a monthly basis, over the next 6 months. This manager has available monthly sales records over the past 4 years for each of these products. He decides to use, as forecasts for each of the next 6 months, the average monthly sales over the previous 4 years. Do you think this is a good strategy? Provide reasons.
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Related Book For
Essential Mathematics And Statistics For Science
ISBN: 9780470694480
2nd Edition
Authors: Graham Currell, Dr. Antony Dowman
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