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Say we have 60 periods of monthly sales data. Make seasonal forecast model for the data: What should the forecast be for months 61 -
- Say we have 60 periods of monthly sales data. Make seasonal forecast model for the data:
- What should the forecast be for months 61 - 72?
- What is the MFE?
- What is the MAD?
- What is the MAPE
- What is the approximate standard deviation of forecast error?
- While forecasting, what is the first thing to be done?
Period | Demand | Period | Demand |
1 | 968 | 31 | 1082 |
2 | 848 | 32 | 1298 |
3 | 866 | 33 | 1071 |
4 | 857 | 34 | 1213 |
5 | 823 | 35 | 1299 |
6 | 992 | 36 | 1324 |
7 | 1071 | 37 | 968 |
8 | 1310 | 38 | 901 |
9 | 1050 | 39 | 875 |
10 | 1190 | 40 | 815 |
11 | 1260 | 41 | 882 |
12 | 1365 | 42 | 992 |
13 | 988 | 43 | 1029 |
14 | 893 | 44 | 1260 |
15 | 910 | 45 | 1092 |
16 | 865 | 46 | 1109 |
17 | 823 | 47 | 1313 |
18 | 898 | 48 | 1338 |
19 | 1029 | 49 | 998 |
20 | 1260 | 50 | 928 |
21 | 1008 | 51 | 875 |
22 | 1178 | 52 | 874 |
23 | 1273 | 53 | 882 |
24 | 1420 | 54 | 983 |
25 | 978 | 55 | 1050 |
26 | 928 | 56 | 1323 |
27 | 857 | 57 | 1103 |
28 | 840 | 58 | 1132 |
29 | 815 | 59 | 1260 |
30 | 926 | 60 | 1351 |
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