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Ms . Reed, Director of Supply Chain and Logistics for a Calendar company, wishes to evaluate two methods of time series forecasting. She has collected
Ms Reed, Director of Supply Chain and Logistics for a Calendar company, wishes to evaluate two methods of time series forecasting. She has collected quarterly calendar sales data from the years and Hint: you may want to put all the data in columns to look like the example we did in class.
Quarter Actual Sales Quarter Actual Sales
a Use a Nave method to forecast sales for quarter
b Use a month moving average to forecast quarter
c Use a month weighted moving average to forecast quarter use and as the weights respectively.
d Compare the performance of the three methods by using MAD and MAPE as the performance criteria. Which method would you recommend?
e Using
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