Question: Please show how to do in Excel. DistCo, a large warehouse service company in the San Francisco Bay Area, stores pharmaceutical products for customers while

Please show how to do in Excel.

DistCo, a large warehouse service company in the San Francisco Bay Area, stores pharmaceutical products for customers while they are in transit to local retailers. DistCo can store a maximum of 294,000 cases of products at its present facility. Because their business has been growing, the companys management wonders if they should acquire other warehouses in 2021. The materials specialist has accumulated historical inventory data for 2016-2020 presented.

3. Utilize Excel to identify the best forecasting model among the four models discussed in question 2 based on MAE and MAPE. Create a table with forecast accuracy measures MAE and MAPE for each of the four forecasting models. Apply the best forecasting model to forecast inventory in all 4 quarters of 2021.

Year Quarter Period Inventory (thousand of cases)
2016 Q1 1 176
Q2 2 134
Q3 3 186
Q4 4 195
2017 Q1 5 189
Q2 6 157
Q3 7 195
Q4 8 211
2018 Q1 9 205
Q2 10 180
Q3 11 212
Q4 12 229
2019 Q1 13 223
Q2 14 192
Q3 15 234
Q4 16 248
2020 Q1 17 239
Q2 18 217
Q3 19 271
Q4 20 284

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