Forecasting Simulation

The Mission You have taken up the role of an Operations Consultant and just signed a $2$ year contract with a new client, PetroPlex, which is a gas station in your area. As part of your role, you will provide monthly forecasts 'for PetroPlex to match customer demand. PetroPlex sells $3$ types of gas $-$ Regular, Midgrade and Premium. You will need to provide accurate forecasts of the demand for the three types of gasoline at the beginning of each month.Your performance will be based on the collective Mean Average Percentage Error $($MAPE$)$ of the three types of gas. The final MAPE value should be less than $25\%.$

The simulation will take approximately $20-45$ minutes to complete and can be paused at any time.

Based on my analysis, I believe demand for gas will be $+-20\%$ of the amounts l've provided you below. Remember to review incoming information and historical data to refine your forecast. Good luck!

Regular :

$8600$

Gallons

Midgrade :

$1600$

Gallons

Premium :

Forecasting Simulation

The Mission You have taken up the role of an Operations Consultant and just signed a $2$ year contract with a new client, PetroPlex, which is a gas station in your area. As part of your role, you will provide monthly forecasts 'for PetroPlex to match customer demand. PetroPlex sells $3$ types of gas $-$ Regular, Midgrade and Premium. You will need to provide accurate forecasts of the demand for the three types of gasoline at the beginning of each month.Your performance will be based on the collective Mean Average Percentage Error $($MAPE$)$ of the three types of gas. The final MAPE value should be less than $25\%.$

The simulation will take approximately $20-45$ minutes to complete and can be paused at any time.

$$

Actual Demands in Previous Months