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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