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Consider monthly demand for the ABC Corporation as shown below. Forecast the monthly demand for Year...

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Advance Math

Consider monthly demand for the ABCCorporation as shown below. Forecast the monthly demand for Year 6using the 3-period moving average and 4-period moving average.Evaluate the bias, TS, MAD, MAPE and MSE. Evaluate the quality ofthe forecast

Sales

Year 1

Year 2

Year 3

Year 4

Year 5

JAN

2000

3000

2000

5000

5000

FEB

3000

4000

5000

4000

2000

MAR

3000

3000

5000

4000

3000

APR

3000

5000

3000

2000

2000

MAY

4000

5000

4000

5000

7000

JUN

6000

8000

6000

7000

6000

JUL

7000

3000

7000

10000

8000

AUG

6000

8000

10000

14000

10000

SEP

10000

12000

15000

16000

20000

OCT

12000

12000

15000

16000

20000

NOV

14000

16000

18000

20000

22000

DEC

8000

10000

8000

12000

8000

Total

78000

89000

98000

115000

113000

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