supply chain forecasting

Sigchi4life
Category:
Business & Finance
Price: $5 USD

Question description

Mar  Apr  May  Jun  Jul  Aug

Units Sold  2460  2790  2580  2910  3150  2890

Given these sales figures over the last 6 months, your boss needs you to create a forecast model that can be used for the next 6 months.  Use three different forecasting methods (last period, 2 period moving average and 3 period moving average) to determine which forecasting method would be best to forecast sales for the next 6 months.  For your measure of “best”, recommend to your boss the method with the lowest mean absolute deviation (MAD).

a)  Calculate the MAD for each of the 3 forecasts (6 points).

b)  Provide your September forecast (2 points).


Tutor Answer

(Top Tutor) Daniel C.
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School: Duke University
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