PROJECT SUBMISSION

Task 1
● Method of forecasting:
● Justification for the choice of method:

Task 2

● The formula used for forecasting demand:

● The demand forecast for the next six months is shown in the table below

Month Smartphones (Forecast) Laptops (Forecast) Smartwatches (Forecast)

Jan

Feb

Mar

Apr

May

Jun

Task 3
 ● The formula used for calculating forecast errors:
● The forecast errors for the six months is shown in the table below

Month Smartphones Laptops Smartwatches

Jan

Feb

Mar

Apr

May

Jun

Task 4
● The formula for calculating MAPE:
● MAPE for all product categories for the six months:

Month Smartphones Laptops Smartwatches

Jan

Feb

Mar

Apr

May

Jun

● The formula for calculating Bias:

● Bias for all product categories for the six months:

Month Smartphones Laptops Smartwatches

Jan

Feb
Mar

Apr

May

Jun

Task 5
● Recommendations:
○ Recommendation 1 + Justification
○ Recommendation 2 + Justification
○ Recommendation 3 + Justification