Using the data in Problem 20, find the trend projection with regression model using the Time Series

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Using the data in Problem 20, find the trend projection with regression model using the Time Series Forecasting Solver of OM Explorer. Compare the performance of this method with the exponential smoothing method from Problem 21. Let the error analysis begin in period 2 (so that both exponential smoothing and trend projection are analyzed over the same time horizon). Which of these two methods would you choose if MAD is the key error measure?
Using the data in Problem 20, find the trend projection
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Operations Management Processes and Supply Chains

ISBN: 978-0133872132

11th edition

Authors: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman

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