Can I read Milk Sales Forecasting Analysis on EtoBox?
Milk Sales Forecasting Analysis by Katrina Dela Cruz is a document available to read on EtoBox.
What is Milk Sales Forecasting Analysis about?
The document provides sales data for milk in hundreds of liters sold by a grocery store over 10 months. It asks the reader to choose the best forecasting model to use based on the lowest Mean Absolute Deviation (MAD) and provide a forecast for month 11 using that model. Based on the data, theWeighted Moving Average (WMA) model with weights of 0.1, 0.3, and 0.6 has the lowest MAD of 4.62 and would therefore be the best model to use. It recommends a forecast of 58,100 liters for month 11 using this WMA model.
- Author
- Katrina Dela Cruz
- Language
- EN