Aiman recently graduated from engineering school and has taken a position as assistant manager at a small company. One of his assignments is to develop a model to forecast the number of production...


q(a)


Aiman recently graduated from engineering school and has taken a position as assistant<br>manager at a small company. One of his assignments is to develop a model to forecast the<br>number of production that expected to be sold in each month in 2021. Aiman has collected<br>the following historical data (Table Q4) on how many products have been sold for each<br>month in each of the past six months.<br>Table Q4<br>Month<br>Forecast Demand Actual Demand<br>January<br>250<br>200<br>February<br>325<br>250<br>Mach<br>400<br>325<br>Аpril<br>350<br>300<br>May<br>375<br>325<br>June<br>450<br>400<br>July<br>360<br>340<br>a) Using the historical data, what comments can you make about Aiman's method of<br>forecasting?<br>b) What alternatives aggregate plans could you suggest to Aiman?<br>

Extracted text: Aiman recently graduated from engineering school and has taken a position as assistant manager at a small company. One of his assignments is to develop a model to forecast the number of production that expected to be sold in each month in 2021. Aiman has collected the following historical data (Table Q4) on how many products have been sold for each month in each of the past six months. Table Q4 Month Forecast Demand Actual Demand January 250 200 February 325 250 Mach 400 325 Аpril 350 300 May 375 325 June 450 400 July 360 340 a) Using the historical data, what comments can you make about Aiman's method of forecasting? b) What alternatives aggregate plans could you suggest to Aiman?

Jun 08, 2022
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