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Problem Forecasting

The document provides historical demand data from 2012-2019 for 5 plastic products (Chair, Table, Basket, Bin, Cabinet) produced by a company. It asks to forecast demand for each product in 2020 and 2021 using an appropriate forecasting method like exponential smoothing with a constant of 0.7. It also provides historical demand data from unspecified periods for 8 products (X, Y, Z, S, T) and asks to forecast demand for periods 9 and 10.

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Rejoanul Islam
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70 views1 page

Problem Forecasting

The document provides historical demand data from 2012-2019 for 5 plastic products (Chair, Table, Basket, Bin, Cabinet) produced by a company. It asks to forecast demand for each product in 2020 and 2021 using an appropriate forecasting method like exponential smoothing with a constant of 0.7. It also provides historical demand data from unspecified periods for 8 products (X, Y, Z, S, T) and asks to forecast demand for periods 9 and 10.

Uploaded by

Rejoanul Islam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Forecasting

1. A Plastic product manufacturing company produces four types of product: Chair


(CH), Table (TB), Basket (BK), Bin (BN) and Cabinet (CB). Demand history of the
products (in thousand units) is given below.

2012 2013 2014 2015 2016 2017 2018 2019


CH 50 58 54 69 64 58 55 57
TB 55 63 63 78 91 105 110
BK 18 19 23 27
BN 39 20 34 29 21
CB 12 10

Forecast demand of each of the products for year 2020 and 2021 by using
appropriate methods. (If you need, then consider a smoothing constant = 0.7)

2. Demand history of five different products of a company is shown below.

Products 1 2 3 4 5 6 7 8
X 27 23 32 26 30
Y 50 47
Z 38 42 55 57 65 70 76
S 33 29 25 22
T 40 36 42 32 30 44 48 38

Forecast demands of the products for the periods 9 and 10.

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