Question: Your Manager is trying to determine what forecasting method to use. Based upon the following historical data, calculate the following forecast and specify what procedure
Your Manager is trying to determine what forecasting method to use. Based upon the following historical data, calculate the following forecast and specify what procedure you would utilize.
| Month | Actual Demand |
| 1 | 62 |
| 2 | 65 |
| 3 | 67 |
| 4 | 68 |
| 5 | 71 |
| 6 | 73 |
| 7 | 76 |
| 8 | 78 |
| 9 | 78 |
| 10 | 80 |
| 11 | 84 |
| 12 | 85 |
1. Calculate the forecast for periods 4-12 using simple linear regression using Excel.
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