A company forecasted demand of one of the product was 200 units in January 2020 with an increase of 10 over July month for the subsequent months up to October 2020. The Actual sales renect a 5 % lower number than the forecasted demand for each month up to June 2020 and a tog higher number than the forecasted demand forduly , August September and October 2020 The selling price per unit of the product is fwed at RO 10. What is the forecast for May 2020 using the least squares method ?
A. 5415 ( Rounded olt )
B. 5333 ( Rounded on )
None of the giver option
5850 ( Rounded oft )

Answer rating: 100% (QA)

Forecast Actual July 200 190 August 220 209 September 242 2299 October 2662 25289 November 29282 278... View the full answer