Electronic Manufacturing Inc. is dedicated to the production of diverse products related to computers. Below you will see the production data of four of their products during the past 3 years presented in quarters.
Examine the historical production trends and address the following:
• Prepare demand forecasts for the next four quarters for all four products.
• Describe the forecasting method you chose and explain why that forecasting method is best suited to this scenario.
• Explain why you did, or did not, choose the same forecasting method for each product.
• What are the benefits of using a formalized approach to forecasting these products?
Year 1 Products
Quarter Motherboard Hard Drive Video Card Ink
1 2,550 1,525 1,855 5,250
2 995 1,025 1,285 4,250
3 3,850 3,025 4,240 5,155
4 2,855 3,175 1,970 5,345
Total 10,250 8,750 9,350 20,000
Year 2 Products
Quarter Motherboard Hard Drive Video Card Ink
1 4,025 3,965 3,525 9,350
2 2,595 3,025 3,025 9,005
3 6,225 3,250 7,320 9,255
4 5,905 4,125 3,480 10,640
Total 18,750 14,365 17,350 38,250
Year 3 Products
Quarter Motherboard Hard Drive Video Card Ink
1 5,275 4,905 4,850 13,250
2 3,350 4,250 4,325 13,125
3 7,005 4,105 8,150 13,325
4 6,730 5,535 4,625 15,775
Total 22,360 18,795 21,950 55,475
Directions:
• Your assignment is required to be four to five pages in length, which does not include the title page and reference pages, which are never a part of the content minimum requirements.
• Support your submission with course material concepts, principles, and theories from the textbook and at least 4 scholarly, peer-reviewed journal articles ( without the textbook) Use the Saudi Digital Library to find your resources.
