Question: Develop your own forecast for window fans for each month of the next year 2015. Justify your forecast and the method you used. Please explain
Develop your own forecast for window fans for each month of the next year 2015. Justify your forecast and the method you used.
Please explain to me how you got the numbers for 2015 and why used that method for forecasting (2015).
Thank you.
| Actual Window Fan Demand and Forecast | |||||
| Month | Work Days | 2011 | 2012 | 2013 | 2014 |
| 1 | 21 | 61,294 | 44,261 | 35,720 | 69,238 |
| 2 | 20 | 63,659 | 71,182 | 42,846 | 73,816 |
| 3 | 22 | 17,144 | 52,895 | 27,772 | 34,858 |
| 4 | 21 | 30,831 | 47,786 | 56,943 | 40,519 |
| 5 | 20 | 23,763 | 43,688 | 35,287 | 18,746 |
| 6 | 22 | 19,001 | 11,452 | 35,631 | 20,989 |
| 7 | 22 | 20,011 | 50,165 | 66,414 | 39,405 |
| 8 | 21 | 22,070 | 51,648 | 34,121 | 56,888 |
| 9 | 21 | 17,534 | 24,537 | 53,058 | 38,232 |
| 10 | 22 | 59,568 | 45,899 | 82,018 | 75,578 |
| 11 | 19 | 92,429 | 51,087 | 66,824 | 75,674 |
| 12 | 21 | 81,020 | 46,460 | 61,272 | 67,821 |
| Totals | 252 | 508,324 | 541,060 | 597,906 | 611,764 |
| Monthly Avg. | 42,360 | 45,088 | 49,826 | 50,980 | |
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