A manufacturer has experienced the following monthly demand for one of their products
Month Actual Demand (in cases)
Using below forecasters which would be the "best" to use for this manuf?
a. 3 month moving average
b. 2 month moving average
c. linear regression
d. exponential smoothing (.3)
e. exponential smoothing (.8)
Identify the MSE and the next period forecast.
This posting provides forecasting of demand using different methods including moving average, linear regression and exponential smoothing.