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Question:
A retail store has experienced following monthly demand of milk during 2015.
Month Sales
January 2000
February 3000
March 3000
April 3000
May 4000
June 6000
July 7000
August 6000
September 10000
October 12000
November 14000
December 8000
You are required to:
1. Forecast the demand for January 2016 using a ‘four-period moving average’ method.
2. Compute the forecast error for the year 2015 by forecasting its monthly demand.
3. Suggest how the forecast error could be reduced?
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Replies to This Discussion

kia koi nai ha is subject ka yahan??

anyboday having past paers of mgmt 614 ?

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