A production company was able to hit the following sales order for the past 3 months: 45% of 420pcs September Forecast, 30% of 350pcs October forecast and 25% of 280pcs November forecast. Determine the most appropriate forecasting model to be used, and compute for the estimated quantity in pcs needed to be produced by the month of December. Show your solution in a detailed tabular form.

A production company was able to hit the following sales order for the past 3 months: 45% of 420pcs September Forecast, 30% of 350pcs October forecast and 25% of 280pcs November forecast. Determine the most appropriate forecasting model to be used, and compute for the estimated quantity in pcs needed to be produced by the month of December. Show your solution in a detailed tabular form.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section: Chapter Questions

Problem 34P: A small computer chip manufacturer wants to forecast monthly ozperating costs as a function of the...

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