### Determine the forecast for each sku using method

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##### Reference no: EM138855

Cooper Toys sells a portable baby stroller called the Tot n' Trot. The past two years of demand for Tot n'Trots are shown in the table below. Use an appropriate method to forecast the 6  months from January through June 2006. Please defend your use of forecasting method (i.e. why you selected your particular method). If you are using smoothing constants, you must also defend (mathematically please) why you selected the values that you did. How good is your forecast?

 Jan 2004 1200 Feb 1400 Mar 1450 Apr 1580 May 1796 June 2102 July 2152 Aug 2022 Sept 1888 Oct 1938 Nov 1988 Dec 1839 Jan 2005 1684 Feb 1944 Mar 1994 Apr 2154 May 2430 June 2827 July 2877 Aug 2687 Sept 2492 Oct 2542 Nov 2592 Dec 2382

Using the forecasting paper supplied, "Forecasting demand for single-period products: A case study in the apparel industry", Mostard, Teunter, de Koster, European Journal of Operational Research, Vol 211, and the demand information given in the Excel spreadsheet "demand data for forecasting":

• Determine the forecast for each SKU using Method 1, 2 and 3. Then, assume the season is over, and your actual demand is given in the sheet "realized demand". Determine:
• The accuracy of your forecast (quantitatively and qualitatively).

Now read Section 3.2.1 of the paper. Assume you have five experts and their forecasts are given in the "experts" sheet. Using the method given:

• Determine your forecast for each SKU and the accuracy of these experts (quantitatively and qualitatively).
• Attachment:- File_2.xlsx
• Attachment:- File_3.pdf

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