Question
1.A Plastic product manufacturing company produces four types of product: Chair (CH), Table (TB), Basket (BK), Bin (BN) and Cabinet (CB). Demand history of the
1.A Plastic product manufacturing company produces four types of product: Chair (CH), Table (TB), Basket (BK), Bin (BN) and Cabinet (CB). Demand history of the products (in thousand units) is given below.
2012
2013
2014
2015
2016
2017
2018
2019
CH
50
58
54
69
64
58
55
57
TB
55
63
63
78
91
105
110
BK
18
19
23
27
BN
39
20
34
29
21
CB
12
10
Forecast demand of each of the products for year 2020 and 2021 by using appropriate methods. (If you need, then consider a smoothing constant = 0.7)
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Statistical Techniques In Business And Economics
Authors: Douglas A. Lind, William G. Marchal, Samuel Adam Wathen
13th Edition
9780070667075
