Question

The following times series shows the demand for a particular product over the past 10 months. First, construct a time seriesWhat is the trend shown in the plot? What is the MSE? What is the forecast for Demand in Month 11?

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Answer #1

Forecast and time series plot.

Given that Particular demand » Data for for last 10 months Month Demand ) 3- period moving average (forecast) (Yi- } ) 2 On 57 3-month moving average a average of ģ months forecasted in 4th month come to the month foverast = (324 +311 +505)) 302.66 T

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