A manufacturer has experienced the following monthly demand, Ask an Expert

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A manufacturer has experienced the following monthly demand for one of their products.

Month Actual demand (in cases)

February 1500
March 2860
April 2950
May 3490
June 3000

a. Using a three month moving average, what would the forecast and MAD be for July?

b. What would the three-month weighted moving average (using .4, .4, .2) and MAD be for July?

c. What would the MAD be using a regression?

d. Which forecasting method would you recommend? Why?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9114228

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