Answer to Question #132112 in Management for Tila Masinge

Question

Angelina has concluded that in order to plan better for the growth of the company in the future, it is necessary to develop a model that will enable her forecast lubricant sales by month for up to one year in advance.
Month Sales Month Sales Month Sales Month Sales Month Sales Month Sales
January 282 February 255 March 265 April 205 May 210 June 160

Month Sales Month Sales Month Sales Month Sales Month Sales Month Sales
July 166 August 174 Sep 126 Oct 148 Nov 173 Dec 235
- What forecasting method would you recommend Angelina uses? Justify your choice.
-Using the forecasting method you have recommended in (1) above, forecast sales for
January through December of the fourth year (make all calculations to 3 decimal points).
-Recommend when the system that you have developed should be updated to account for new sales data that will occur. Assume you have a computer software package.

Answer 1

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