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Tyler Jones has just been hired as the new production manager at the Sundance Chemical Company. As h

Question: Tyler Jones has just been hired as the new production manager at the Sundance Chemical Company. As his first assignment, he has been asked to prepare a demand forecast for the next period (Period 51).

He has been provided the following data:

Period	Actual	Period	Actual	Period	Actual	Period	Actual	Period	Actual
1	398	11	424	21	456	31	474	41	477
2	400	12	429	22	457	32	476	42	472
3	403	13	434	23	458	33	478	43	466
4	408	14	436	24	457	34	484	44	460
5	410	15	437	25	462	35	489	45	451
6	412	16	442	26	463	36	488	46	443
7	414	17	445	27	467	37	486	47	439
8	415	18	447	28	468	38	485	48	432
9	413	19	448	29	470	39	483	49	426
10	418	20	454	30	473	40	482	50	419

Tyler has just completed the same MBA 626 class that you are now taking. He only has the forecasting models that we have studied in this course. Help Tyler develop a forecast for Period 51 using one of those models.

a) Explain and justify why you selected the model that you used.

b) What is the forecast for Period 51?

c) How good or strong is the method that you used? Explain.

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See Answer: The solution consists of 3 pages
Deliverables: Word Document