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3) You are employed as an Operations and Planning Manager at Tablon, a growing multinational engineering firm. The following data are their Operational costs
3) You are employed as an Operations and Planning Manager at Tablon, a growing multinational engineering firm. The following data are their Operational costs year after year. Year 1 2 3 456789 Value ($ Millions) 25 35 30 37 40 42 38 45 50 a) Plot the given data displaying the Trendline. b) Forecast for period 8 using 3-month moving average and exponential smoothing with a =0.4 c) Forecast for period 10,11, 12 using trend line projection and calculate the MAPE. d) Assume the base value at the end of period 2 was 40 million and the trend was -5. What would be the forecast for the period 8 (a=0.1, p=0.2)
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