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Eagle Stores is a retailer of office supplies. The monthly retail demand for a product is provided below from January 2019 to October 2020. DEMAND
Eagle Stores is a retailer of office supplies. The monthly retail demand for a product is provided below from January 2019 to October 2020.
DEMAND DATA | Year | |
Month | 2021 | 2022 |
January | 616 | 758 |
February | 832 | 974 |
March | 898 | 940 |
April | 964 | 1126 |
May | 880 | 1032 |
June | 1016 | 988 |
July | 912 | 1004 |
August | 828 | 870 |
September | 894 | 1056 |
October | 850 | 1020 |
November | 1010 |
|
December | 969 |
|
- Use the nave method to forecast the demand for November and December 2022.
- Use the moving average method with 4 periods to forecast the demand for November and December 2022.
- Use the exponential smoothing method with smoothing constant 0.7 to forecast the demand for November and December 2022. Initialize the forecasting method using the actual demand in January 2021.
- Fit a trend line to the demand data from January 2021 to December 2021. What is the trend line equation?
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