Forecast

We have a previous data for the last year (12month ) as shown in the table below

month demand
1 71
2 73
3 68
4 69
5 70
6 66
7 67
8 70
9 75
10 76
11 78
12 79 r 0.64142
𝑟2 0.41142
a 66.83
And using regression and correlation equations we got b 0.76923
And manually we forecast the first 6 months in the new year And the month period forcast
results as shown in the table 13 period 1 76
14 period 2 78
Then we check the results using excel
15 period 3 79
16 period 4 80
17 period 5 80
18 period 6 81
Timeline Values Forecast Lower Confidence Bound Upper Confidence Bound
1 71
2 73
3 68
4 69
5 70
6 66
7 67
8 70
9 75
10 76
11 78
12 79 79 79.00 79.00
13 76.833333 70.57 83.10
14 77.602564 66.32 88.89
15 78.371795 60.33 96.41
16 79.141026 53.11 105.17
17 79.910256 44.87 114.95
18 80.679487 35.73 125.63