Engineering Management2D
Planning - Theory & Concepts - Eng Mgmt Forecasting
Strategic, tactical, and operational planning, including forecasting techniques and the planning process.
Open the complete lessonQuantitative Forecasting Simulator
Explore how different forecasting methods predict future sales based on historical data.
| Month | Data Type | Units (Sales) |
|---|---|---|
| Jan | Historical | 100 |
| Feb | Historical | 120 |
| Mar | Historical | 110 |
| Apr | Historical | 130 |
| May | Historical | 140 |
| Jun (Forecast) | Forecast | 127 |
| Jul (Forecast) | Forecast | 132 |
| Aug (Forecast) | Forecast | 133 |
How it works:
Simple Moving Average takes the unweighted mean of the previous 3 periods. It smooths out random fluctuations but lags behind strong trends.