Assignment:
Grey's Audiovisual rents audio and visual equipment to musicians for local concerts. The company is interested in forecasting the rentals for the d2-console so that it can make sure the d2-console is on hand when needed. The d2-console data for the last 10 months are shown here.
| Month |
Demand |
Month |
Demand |
| Jan |
23 |
June |
28 |
| Feb |
24 |
July |
32 |
| March |
32 |
Aug |
35 |
| April |
26 |
Sep |
26 |
| May |
31 |
Oct |
24 |
Question 1: Prepare a forecast for months 6 through 10 by using three- and five-month moving averages. What is the forecast for the month of November? Need Assignment Help?
Question 2: Calculate the mean absolute percentage deviation (for periods 6-10) for each forecasting method.
Question 3: What are your recommendations for Gray's?