Question: For your next case study, Ms . Elizabeth Burke and your instructor have teamed up in order to create tasks that reinforce multiple concepts from
For your next case study, Ms Elizabeth Burke and your instructor have teamed up in order to create tasks that reinforce multiple concepts from Chapter Both Ms Burke and your instructor require all groups analyze mower and tractor unit sales, and mower and tractor industry total sales. The data is provided in four worksheets Mower Unit Sales, Tractor Unit Sales, Industry Mower Total Sales, Industry Tractor Total Sales and is separated by region NA SA Eur, Pac, China, and the World Although initially Ms Burke preferred that each group create forecasts times worksheets forecasts for all regions for mower and tractor unit sales, and for mower and tractor industry total sales, both Ms Burke and your instructor agreed to require only forecasts, but each forecast must use a different forecasting technique. Please read the entire instructions before beginning your analysis for each step.
The instructions for your th case study report include the following steps:
Find eight data sets this may take some time to find plots with appropriate patterns to forecast data months ahead Months in in the four excel files listed above.
a A data set is defined as either the mower or tractor sales amounts per region.
i Examples of data sets that are noninclusive:
Mower Unit Sales for North American NA
Tractor Unit Sales for Europe Eur
Industry Mower Total Sales for South America SA
Industry Tractor Total Sales for the World World
b Your group does not need to use data sets from all four worksheets.
c Your group must use a different forecasting technique for each of the eight data sets selected.
i Examples of Forecasting Techniques:
Moving Average
Exponential
Double Exponential
Simple Linear Regression
HoltWinters Additive Model with no trend
HoltWinters Multiplicative Model with no trend
HoltWinters Additive Model with trend
HoltWinters Multiplicative Model with trend
d Your group needs to identify data sets that are indicative of implementing the forecasting techniques. The videos posted on DL provide lengthy discussions about how to determine when to use a particular forecasting technique based on formation of the data in your plots.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
