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  • Sale Forecasting by Moving Average Method of Tata Steel LTD

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    Aashish Khajuria
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    This document contains sales data for Tata Steel from 2001 to 2011 and uses a quartile moving average method to forecast sales. It calculates the root mean square error (RMSE) to evaluate the accuracy of the forecasts, finding the RMSE to be 2249.2057974.

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    Moving Averaege

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    This document contains sales data for Tata Steel from 2001 to 2011 and uses a quartile moving average method to forecast sales. It calculates the root mean square error (RMSE) to evaluate the accuracy of the forecasts, finding the RMSE to be 2249.2057974.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    12 views2 pages

    Sale Forecasting by Moving Average Method of Tata Steel LTD

    Uploaded by

    Aashish Khajuria
    This document contains sales data for Tata Steel from 2001 to 2011 and uses a quartile moving average method to forecast sales. It calculates the root mean square error (RMSE) to evaluate the accuracy of the forecasts, finding the RMSE to be 2249.2057974.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    SALE FORECASTING BY MOVING AVERAGE METHOD OF TATA STE

    Year
    2001
    2002
    2003
    2004
    2005
    2006
    2007
    2008
    2009
    2010
    2011

    Sales
    A
    6838.61
    6697.49
    8721.32
    10702.39
    14493.16
    15135.41
    17458.39
    19652.53
    24348.52
    25021.98
    29396.35
    A = 178466.15

    QUARTILE MOVING AVERAGE


    F

    7419.14
    8707.066667
    11305.62333
    13443.65333
    15695.65333
    17415.44333
    20486.48
    23007.67667
    26255.61667

    A - F

    1302.18
    1995.324
    3187.53667
    1691.756
    1762.737
    2237.08667
    3862.04
    2014.3033
    3140.7333

    (A - F)

    1695672.752
    3981317.865
    10160390.02
    2862038.364
    3107241.731
    5004556.769
    14915352.96
    4057417.784
    9864205.662
    (A-F) =55648193.91

    METHOD OF TATA STEEL LTD.

    R.M.S.E =

    ( A F )
    t

    n
    = 2249.2057974

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