Question: Question 5 (10 points) Understand Forecasting. Review the actual demand for the six weeks, in the table below. For that, I suggest that you draw
Question 5 (10 points) Understand Forecasting. Review the actual demand for the six weeks, in the table below. For that, I suggest that you draw (for yourself) a graph/chart of the actual demand, where the weeks are on the X Axis and the actual demand is on the Y Axis. Understand the pattern of the demand. (10 marks) Forecast Actual Demand Month Actual Demand Week 1 65 Week 2 58 Week 3 48 47 XXXXXX XXXXXX XXXXXX XXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXX XXXXXX XXXXXX XXXXXX 2 Week 4 Week 5 Week 6 Week 7 42 35 Week 8 ? a list the forecast for Week 7 and for Week 8 (6 marks) b. Explain the method or logic e that you used for this forecast-Week 7 and Week 8. (4 marks)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
