Question: ASSIGNMENT 1 Case Study 1 : Forecasting Pantene Shampoo Sales at Nester's Market Midterm Practice - Solve this problem using pen / pencil / calculator
ASSIGNMENT Case Study : Forecasting Pantene Shampoo Sales at Nester's Market Midterm Practice Solve this problem using penpencilcalculator As a student in BUS you have been hired as a Data Analyst for Nester's market at SFU campus. Your task is to determine the appropriate quantity of Pantene shampoo to order for Year The store has provided you with historical yearly sales data for the product. Your job is to anal' Deliverables: What is the underlying pattern of this demand data? How will this pattern inform your forecasting decisions? Evaluate Nester's current forecasting method, which uses a twoyear moving average of sales to estimate sales for the following year. Using this method, estimate sales for the year Suggest an alternative forecasting method that would be more appropriate for estimating Pantene shampoo sales for the given time horizon and the year Justify your choice of model by evaluating its errors against a year moving average, using measures of error Mean Absolute Error MAE and Mean Squared Error MSE Provide your answers as a PDF document it can be handwritten or typed showing all your calculation steps. Try to solve them using nothing but a penpencil and a calculator.
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