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Explain the function of demand forecasting in the logistics system and supply chain of a company! Then determine the demand forecasting value for the next 12 months based on the following historical data using several quantitative methods such as linear regression, exponential smoothing, and moving average! Note: The moving average period is 3 months, while the alpha for exponential smoothing is 0.53

Explain the function of demand forecasting in the logistics system and supply chain of a company! Then determine the demand forecasting value for the next 12 months based on the following historical data using several quantitative methods such as linear regression, exponential smoothing, and moving average! Note: The moving average period is 3 months, while the alpha for exponential smoothing is 0.53

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Explain the function of demand forecasting in the logistics system and supply chain of a company! Then determine the demand forecasting value for the next 12 months based on the following historical data using several quantitative methods such as linear regression, exponential smoothing, and moving average!

Note: The moving average period is 3 months, while the alpha for exponential smoothing is 0.53

Month - 1 2345678 اني | | | | | 9 10 11 12 13 14 15 Consumer Demand Quantity for PT XYZ 2230 2346 3453 3345 3476 2238 4567 5514 5563 6612 6532 4536 4563 5567 5589
Transcribed Image Text:Month - 1 2345678 اني | | | | | 9 10 11 12 13 14 15 Consumer Demand Quantity for PT XYZ 2230 2346 3453 3345 3476 2238 4567 5514 5563 6612 6532 4536 4563 5567 5589
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