Question: PLEASE SHOW ME STEP BY STEP HOW TO DO IT IN EXCEL. Case Study 1 : Forecasting Pantene Shampoo Sales at Nester's Market Total Marks:
PLEASE SHOW ME STEP BY STEP HOW TO DO IT IN EXCEL.
Case Study : Forecasting Pantene Shampoo Sales at Nester's Market Total Marks: 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 analyze the data and make accurate forecasts for the next year.Your tasks are as follows: Plot the historical yearly sales data for Pantene shampoo. Analyze the data to determine if there is any trend or seasonality present. Explain your findings and how they will inform your forecasting decisions. Evaluate Nester's current forecasting method, which uses the average sales from the last two years to estimate sales for the next year.a Use this method to estimate sales for Year b Identify any drawbacks in the current method and explain why it may not be effective. Suggest an alternative forecasting method that would be more appropriate for estimating Pantene shampoo sales.a Justify your choice of model by evaluating it against other forecasting methods studied in the class, using measures of error such as Mean Absolute Error MAE Mean Absolute Percentage Error MAPE and Root Mean Squared Error RMSE
PLEASE SHOW ME STEP BY STEP HOW TO DO IT IN EXCEL.
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