Question

Can you give me the steps to solve the following? Use the classical decomposition method to...

Can you give me the steps to solve the following?

Use the classical decomposition method to forecast average demand for 2016 by month. What is your forecast of monthly average demand for 2016?

2011 2012 2013 2014 2015

JAN 840 920 1280 1320 1560

FEB 880 1200 1440 1400 1800

MAR 1120 1360 1640 1560 1840

APR 1200 1360 1720 1560    1920

MAY 1120 1400 1600 1720 1880

JUN 1120 1360 1720 1520 1760

JUL 1080 1320 1320 1400 1720

AUG 1000    1240 1240 1440 1640

SEP 960 1200 1240 1480 1400

OCT 1000    1160    1440 1520    1560

NOV 920 1120    1280 1240 1440

DEC 960 1120 1240 1400 1520

TOTAL 12200 14760 17160 17560 20040

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Answer #1

Forecast for 2016 using decomposition method:

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