MGMT617 - Production Planning and Inventory Control GDB No. 1 Solution Fall 2018 Due Date: December 03, 2018
|Starting Date||Wednesday, November 28, 2018|
|Closing Date||Monday, December 03, 2018|
|Question Title||GDB 1|
Following are the sales data of past 12 months of XYZ Co. You, being the manager of company, have to choose a suitable method for forecasting from Moving Average Method and Exponential Smoothing Method to predict future sales.
Use a 3-period moving average for first method; and α = 0.2 for exponential smoothing model and decide which method is more appropriate.
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