Question: 1 . What is the forecast for week 1 0 1 using last period demand? 2 . What is the forecast for week 1 0
What is the forecast for week using last period demand?
What is the forecast for week using simple average?
What is the forecast for week using week moving average?
What is the forecast for week using linear regression?
Which method do you think is best in this instance and why? I leave this open to you how you approach this answer. You can, for example, calculate and compare forecast accuracy, graph the demand and interpret the pattern, or simply provide a compelling arguement for one method over the others.
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