Using whatever diagnostic tools you are familiar with, determine which of the three forecasting methods utilized to forecast sales for Malcar Autoparts Company in the previous three problems provides superior forecasts. Explain the reasons for your choice.
Refer to Malcar Autoparts Company, which has started producing replacement control micro-computers for automobiles. This has been a growth industry since the first control units were introduced in 1985. Sales data since 1994 are as follows:
YearSales($)
1994…………………240,000
1995…………………218,000
1996…………………405,000
1997…………………587,000
1998…………………795,000
1999…………………762,000
2000…………………998,000
2001……………….1,217,000
2002……………….1,570,000
2003……………….1,947,000
2004……………….2,711,000
2005……………….3,104,000
2006……………….2,918,000
2007……………….4,606,000
2008……………….5,216,000
2009……………….5,010,000