Assume you are the Sales Director at Nando’s International Holdings. You are required to prepare a report for the Board of Directors on the following:
1.Describe the historical data on Nando’s sales, including a discussion of the general direction of sales and any seasonal tendencies that might be occurring.
2.Discuss, giving your justifications, which time series forecasting techniques are appropriate for producing forecasts with this data set.
3.Apply the appropriate forecasting techniques and compare the models based on ex post forecasts. Choose the best model.
4.Use your chosen forecasting model to generate forecasts for each of the months in year 2021.
5.Discuss how these forecasts might be integrated into the planning operations and policy makings in NIH.
Software:
You will need to use MiniTab to complete the tasks.
Word limit: 2000 words maximum (for main report, excluding all graphs, tables, appendices and references)
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