Forecasting The vice president of operations shared some historical data (shown in the following table) about the number of monthly orders the company did in the last 3 years to maintain air conditioners. He wants to forecast the expected demand during the remaining part of 2023 as well as 2024 so he can plan the spare part requirements. He wants some help to analyze the historical data, select an appropriate forecasting technique, conduct the forecast, state the percentage of error in the forecast and monitor the results.

	No. of repairs 2020	No. of repairs 2021	No. of repairs 2022	No. of repairs 2023
Jan		745	762	770
Feb		749	767	775
Mar	910	932	945
April	961	996	1027
May	1028	1052	1121
Jun	1231	1256	1278
Jul	1342	1348	1411
Aug	1567	1575	1575
Sep	1421	1451	1503
Oct	1131	1153	1207
Nov	930	946	962
Dec	810	832	845