The Pro Apparel company manufactures baseball-style caps with various team logos. The caps come in an assortment
Question:
The Pro Apparel company manufactures baseball-style caps with various team logos. The caps come in an assortment of designs and colours. The company has had monthly sales for the past 24 months as follows:
Month Demand (1000s)
1 ........................................................ 8.2
2 ........................................................ 7.5
3 ........................................................ 8.1
4 ........................................................ 9.3
5 ........................................................ 9.1
6 ........................................................ 9.5
7 ........................................................ 10.4
8 ........................................................ 9.7
9 ........................................................ 10.2
10 ........................................................ 10.6
11 ........................................................ 8.2
12 ........................................................ 9.9
13 ........................................................ 10.3
14 ........................................................ 10.5
15 ........................................................ 11.7
16 ........................................................ 9.8
17 ........................................................ 10.8
18 ........................................................ 11.3
19 ........................................................ 12.6
20 ........................................................ 11.5
21 ........................................................ 10.8
22 ........................................................ 11.7
23 ........................................................ 12.5
24 ........................................................ 12.8
Develop a forecast model using the method you believe best, and justify your selection using a measure (or measures) of forecast accuracy.
Step by Step Answer:
Operations Management Creating Value Along the Supply Chain
ISBN: 978-1118301173
1st Canadian Edition
Authors: Roberta S. Russell, Bernard W. Taylor, Ignacio Castillo, Navneet Vidyarthi