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Analysis of the Sales Forecast of the Automotive Parts - Assignment Example

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In this paper, an attempt has been made on Ted Rallleys company auto sales using three different models and accessing which among the three models is the best to forecast the sales. The data is applied in this paper was obtained for four years of the Ted Rallleys company…
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Analysis of the Sales Forecast of the Automotive Parts
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Download file to see previous pages The study will use the mean absolute deviation, the mean square error, mean error, and mean absolute percentage error. On this study, a plot of the forecast by the three models was obtained, and the results will be discussed. The root means square error and the mean absolute percentage error will be the most method to be sued to compare and rank the forecast method. From the ranking of the forecast method, the study indicates that the regression with econometric variance is the most appropriate method of forecasting the sales of automobile parts. It also indicates that additive holt-winter model is the second best model in forecasting the auto sales parts of Ted Rallleys company.
As the economy change keeps on declining, every play of the economy grows experience the falling trend. The automotive industry depended much on the economic boom. This decline in the economic growth has a negative effect on the automotive industry (Bruns, W. J., & Waterhouse, J. H.,1975). The distributors of the automotive parts have continued to experience heavy losses. And capacity caused by cuts caused by the automakers. The distributors are also facing costly energy and material constraints. It has been raised by the economic analysis that the automotive industry that used to raise over $72 billion has been of the pathetic point since the county has set it on the chapter 11 law of protection. There will be an increasing rise in the number of bankruptcies. A lot of challenges is faced by the distributors of the USA since it very difficult to penetrate the supply chain marker as the chains were established long ago with home marketers. With the economy continuously deteriorating everyone seems to be getting hurt financially, even the automotive industry, which has to deepen the economic recession. ...Download file to see next pagesRead More
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