Question B [SK3: 5 Marks] A pharmaceutical company would like to make an accurate forecast about...
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Question B [SK3: 5 Marks] A pharmaceutical company would like to make an accurate forecast about vitamins sales in 2022. Ten-year sales data Year Sales (Smillions) 2012 7,84 2013 12.26 2014 13.11 2015 15.78 2016 21.29 2017 25.68 2018 23.80 2019 26.43 2020 29.16 2021 33.06 2022 Using sales as the Y variable and time ( year) as the x variable, 1.Determine the slope and the intercept of the trend equation. 2 marks 2. Provide a forcast of the sales for the period 2015-2022 using the 3 mooving average method. 1 mark 3. Compute the accuracy measure MAPE for the naïve and the 3-year mooving average. Conclude about which method to advise. 2 marks уear- Question B [SK3: 5 Marks] A pharmaceutical company would like to make an accurate forecast about vitamins sales in 2022. Ten-year sales data Year Sales (Smillions) 2012 7,84 2013 12.26 2014 13.11 2015 15.78 2016 21.29 2017 25.68 2018 23.80 2019 26.43 2020 29.16 2021 33.06 2022 Using sales as the Y variable and time ( year) as the x variable, 1.Determine the slope and the intercept of the trend equation. 2 marks 2. Provide a forcast of the sales for the period 2015-2022 using the 3 mooving average method. 1 mark 3. Compute the accuracy measure MAPE for the naïve and the 3-year mooving average. Conclude about which method to advise. 2 marks уear-
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Answer rating: 100% (QA)
1 LINEAR FORCASTING X Y YEAR Period Sales million 2012 1 784 2013 2 1226 2014 3 1311 2... View the full answer
Related Book For
Cambridge International AS & A Level Physics Coursebook
ISBN: 9781108859035
3rd Edition
Authors: David Sang, Graham Jones, Gurinder Chadha, Richard Woodside
Posted Date:
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