Question: 1 . Analyse the data given to you. How does the data behave? What patterns are present in the demand? How do you know? How
Analyse the data given to you. How does the data behave? What patterns are present in
the demand? How do you know? How is this relevant to selecting a forecasting model?
Support your analysis with appropriate tables and figures.
MGT & MGT Operations Management;
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Generate the forecast for using the current model. Analyse the results. Is
appropriate forecasting model being applied? Whywhy not? Discuss. Support your
analysis with appropriate formulas, tables and figures.
Generate the forecast for using the model propose by your line manager. Analyse
the results. Is this appropriate forecasting model for the company? Whywhy not? Discuss.
Support your analysis with appropriate formulas, tables and figures.
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