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Simple Forecasting Techniques Here is data for the past three months Month 1 Month 2 Month 3 13 14 15 Fill in the forecasts for
Simple Forecasting Techniques | ||||||||
Here is data for the past three months | ||||||||
Month 1 | Month 2 | Month 3 | ||||||
13 | 14 | 15 | ||||||
Fill in the forecasts for Month 4 using the following forecasting techniques | ||||||||
1 MA | 15 | |||||||
2MA | 14.5 | |||||||
3Ma | 14 | |||||||
Forecasting Metrics | ||||||||
It is important to evaluate how well the forecasting methods are predicting future demands | ||||||||
Evaluating forecasting accuracy metrics allows you to select the forecasting technique that | ||||||||
best fits the demand patterns | ||||||||
Month 1 | Month 2 | Month 3 | ||||||
Forecast | 13 | 14 | 15 | |||||
Actual | 12 | 12 | 13 |
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