Question
Help me plot a forecast To visualize the forecasts alongside the original demand data, create a graph with years on the x-axis and demand values,
Help me plot a forecast
To visualize the forecasts alongside the original demand data, create a graph with years on the x-axis and demand values, a 3-year moving average forecast, and a weighted 3-year moving average forecast on the y-axis. This graph will help you and the executive team understand how these different forecasting methods compare to the actual demand data over the specified period. Make sure to label the axes and the lines for clarity.
In summary, by using both a simple 3-year moving average and a weighted 3-year moving average, you can make informed forecasts for product demand in the coming years, which will be essential for planning production material orders and managing the supply chain effectively.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started