Forecasting techniques -regression moving average
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Perform a linear regression, 8 month moving average & 3 month moving average forecasting technique to see which is most accurate for the new quarter 11 if quarter 11 sales are 172,000 units
Quarter Quarter Demand Shown in Thousand (1000) units
1 121
2 132
3 159
4 160
5 141
6 166
7 189
8 199
9 170
10 190
Make sure to include the equation for the linear regression calculation.
Explain 5 factors that could affect forecast accuracy.
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Performs a linear regression, 8 month moving average & 3 month moving average forecasting techniques.
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Perform a linear regression, 8 month moving average & 3 month moving average forecasting technique to see which is most accurate for the new quarter 11 if quarter 11 sales are 172,000 units
Quarter (X) Demand (Y)
1 121
2 132
3 159
4 160
5 141
6 166
7 189
8 199
9 170
10 190
Demand Shown in Thousand (1000) units
Make sure to include the equation for the linear regression calculation.
1) Linear regression
Linear regression equation is
Y= a + b X
where
(X) ...
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