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An important part of planning manufacturing capacity is having a good forecast of sales. Elizabeth Burke is interested in forecasting sales of mowers and tractors in each marketing region as well as industry sales to assess future changes in market share. She also wants to forecast future increases in production costs. Develop forecasting models for these data and prepare a report of your results with appropriate charts and output from Excel. Clearly provide the method utilized for forecasting, its estimate and measure of error (MAPE). You can combine multiple forecasting models into a single estimate.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92444413

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