Question: You are asked to test out different demand forecasting models before running your simulated factory. These demand forecasting models will help you make good operations
You are asked to test out different demand forecasting models before running your simulated factory. These demand forecasting models will help you make good operations management decisions including inventory and capacity decisions.
Below please provide a report on your forecasting model. Which forecasting model is the best fit for your demand? What is your average forecasting error? What is your MAD? What is your combo error? Please submit your four spreadsheets with four forecasting models to substantiate your answers. Please revisit the four demos in Module if you need to refresh your memory
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