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The actual demand for germicidal chemicals at one of BPHs clinics is as follows. Quarter Gallons of Germicidal Chemicals Used 1 5 5 0 2
The actual demand for germicidal chemicals at one of BPHs clinics is as follows.
Quarter Gallons of Germicidal Chemicals Used
Plot the data in the previous table on a graph. Do you detect any trend, seasonal pattern, or random variations?
Forecast demand from quarter to quarter using a fourquarter SMA. Plot your forecast on the same graph as the actual demand.
Forecast demand from quarter to quarter using a WMA with weights and Plot your forecast on the same graph as the actual demand and the SMA.
Looking at the graph in part c which forecasting method seems to be more appropriate? Why?
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