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I need help with an assignment. Jones Company distributes power supplies used for electronic toys.They have been in business for five years and the past
I need help with an assignment.
Jones Company distributes power supplies used for electronic toys.They have been in business for five years and the past five-year demand for power supply X52 is the following:
Year Demand
1 12,925
2 17,263
3 22,512
4 28,765
5 31,646
Assuming it's January 1 and Jones needs help with developing the forecast for the next two years.Jones needs:
- 24-month qualitative forecast.You can use a method of your choosing. Make sure you identify the assumptions you relied on and discuss how you developed the forecast.
- linear regression forecast for the next two years. Assume your forecast for the first six months of the first year is the following: JAN 2,000; FEB 2,800, MAR 3,200, APR 2,800; MAY 3,500; JUNE 3,300.Also, assume actual customer demand is the following: JAN 2,500; FEB 2,700, MAR 3,000, APR 2,600; MAY 3,200; JUNE 3,000.The acceptable tracking signal target is 1.5.Will you need to update your forecast for Jones? If so when?
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