Question
Help needed on homework question A local warehouse and distribution center for a grocery chain wants to forecast demand for their own-brand soup for the
Help needed on homework question
A local warehouse and distribution center for a grocery chain wants to forecast demand for their own-brand soup for the next month based upon the monthly demands given below.
a) Develop a linear trend forecast for the next month.
b) Develop adjusted exponential smoothing forecast (use ?=0.2 and ?=0.3) for the next month.
c) Develop a 4-period moving average for the next month.
d) Compare the forecasts using MAPD. Which appears to give the better forecast?
**show all forecast and error calculations for the above questions**
Sheet 1 contains the data
Please show steps and screenshots. Thank you so much
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