Forecasting 1. A Plastic product manufacturing company produces four types of product: Chair (CH), Table (TB), Basket (B

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Forecasting 1 A Plastic Product Manufacturing Company Produces Four Types Of Product Chair Ch Table Tb Basket B 1 (95.06 KiB) Viewed 21 times

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. TB BK BN CB CH 2012 2013 2014 2015 55 63 63 50 58 54 33 69 2016 2017 2018 2019 78 91 105 110 18 19 23 27 20 36 25 29 30 33 55 57 64 58 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)