Which forecasting method is used for month actual demand

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Reference no: EM13118877

A manufacturer has experienced the following monthly demand for one of their products.

Month Actual demand (in cases)

February 1500
March 2860
April 2950
May 3490
June 3000

a. Using a three month moving average, what would the forecast and MAD have been for July?

b. What would the three-month weighted moving average (using .4, .4, .2) and MAD have been for July? What would the MAD be using a regression?

c. Which forecasting method would you recommend? Why?

Reference no: EM13118877

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