Question
Case Study Consider monthly demand for the Marai Corporation as shown in the table below. Forecast the December sales based on the below questions. Month
Case Study
Consider monthly demand for the Marai Corporation as shown in the table below. Forecast the December sales based on the below questions.
Month | Sales |
Jan | 204 |
Feb | 213 |
Mar | 203 |
April | 209 |
May | 226 |
June | 212 |
July | 218 |
August | 220 |
September | 225 |
October | 227 |
November | 260 |
December | ???? |
|
|
Use the spreadsheet analysis and show all related functions and models used to resolve the below issues
Forecast December sales using Naive method and compute relevant MAD
Forecast December sales using 2-month moving average and compute relevant MAD
Forecast December sales using the weighted average (50%/30%/20%) and compute relevant MAD
Forecast December sales using Regression and compute relevant MAD
Which method is the most accurate? Justify your answer
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