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officeStar is company that produces office water coolers .The company wishes to implement an MRP system for one of its products , identified as the modle C10 cooler . The montly sales for this water cooler for the past 10 months are given in table 1
Month
May
June
July
Aug
Sept
OCt
Nov
Dec
jan
feb
Sales of volume
150
185
320
317
400
500
360
210
480
300
a - forecast the demand for march (the next month ) using the following
- A three month moving avege
- Naive method
- Aweighted moving averge using 0.60 febreuary ; 0.25 for january; and 0.15 for week december
b- calculate the mean absolute percent ( MSE) for each of the above methods
which methods seems the most appropriate?
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