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Monthly sales forecasting

The Gametime Hat Company manufactures baseball caps that have various team logos in an assortment of designs and colors. The company has had monthly sales for the past 24 months as follows.

Month Demand (1,000s)
1 8.2
2 7.5
3 8.1
4 9.3
5 9.1
6 9.5
7 10.4
8 9.7
9 10.2
10 10.6
11 8.2
12 9.9
13 10.3
14 10.5
15 11.7
16 9.8
17 10.8
18 11.3
19 12.6
20 11.5
21 10.8
22 11.7
23 12.5
24 12.8

Develop a forecast model using the method you believe best, and justify your selection using a measure (or measures) of forecast accuracy.

Solution Summary

Solution provides organized, detailed development example of a forecast model using a method provided.

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