15. Management at Dempsi Industries wants to forecast demand for the next four weeks. They have collected demand data for the last year and have presented you with the data. They have asked you for a reasonable level of demand for the next four weeks. You have agreed to provide management a report describing your analysis. Conduct an analysis of the data provided. Based on the data and your analyses, evaluate the applicability of the forecasting techniques we covered. For each technique, provide a brief description of the technique and an assessment of the appropriateness of that technique to the sample data. Provide a table summarizing the forecast error evaluations for each technique examined. Recommend a technique to use to make the requisite predictions and provide a prediction of demand for the next four weeks based on this recommended model Demand for Dempsi Industries ProductA Week Demand Week Demand Week Demand Week Demand 332 412 332 261 255 381 382 217 431 292 286 278 393 310 410 229 344 278 293 463 393 427 381 359 516 191 446 434 297 523 381 487 43 15 16 17 18 19 20 21 29 31 32 5 6 34 35 36 37 38 47 48 49 50 260 392 474 468 449 436 448 347 523 245 266 362 9 10 23 24 25 26 27 628 277 549 354 389 52 12 13 14 41 15. Management at Dempsi Industries wants to forecast demand for the next four weeks. They have collected demand data for the last year and have presented you with the data. They have asked you for a reasonable level of demand for the next four weeks. You have agreed to provide management a report describing your analysis. Conduct an analysis of the data provided. Based on the data and your analyses, evaluate the applicability of the forecasting techniques we covered. For each technique, provide a brief description of the technique and an assessment of the appropriateness of that technique to the sample data. Provide a table summarizing the forecast error evaluations for each technique examined. Recommend a technique to use to make the requisite predictions and provide a prediction of demand for the next four weeks based on this recommended model Demand for Dempsi Industries ProductA Week Demand Week Demand Week Demand Week Demand 332 412 332 261 255 381 382 217 431 292 286 278 393 310 410 229 344 278 293 463 393 427 381 359 516 191 446 434 297 523 381 487 43 15 16 17 18 19 20 21 29 31 32 5 6 34 35 36 37 38 47 48 49 50 260 392 474 468 449 436 448 347 523 245 266 362 9 10 23 24 25 26 27 628 277 549 354 389 52 12 13 14 41
