Quarterly sales figures for the Cavill Pump Company, in thousands, for the past four years are shown
Question:
(a) Forecast the demand for the first quarter of year 5 by using a four-period moving average model.
(b) What is the linear trend equation that best fits the data? Forecast the demand for the first quarter of year 5 by using this equation.
(c) Which method is more accurate?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Managerial Decision Modeling With Spreadsheets
ISBN: 9780136115830
3rd Edition
Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair
Question Posted: