Which trend analysis methodology would you use to turn the historical production output data into a forecast of future production output?

. Please edit the attached document with the added recommendation below:

Recommend you revisit the Instructional Guidance section above in the discussion details. It states: “The key is to provide details on how you want the staff to determine the needed future production output for Kibby and Strand in months.”

This means the objective of the forecasting plan is to forecast future production output. Since that is the objective of the plan, what data is best to achieve this objective? The answer is past, i.e. historical, production output data.

The data and quantitative methods sections are where you need to add more details specific to achieving the forecasting objective. You did good job providing information and general guidance, but that lacks the details the staff needs.

For example, suppose you are forecasting production output for the current quarter, Fall 2022. What historical data best words for this forecast? Remember, Kibby and Strand is a season business. They do not produce the same textiles year round.

In Quantitative Methods you direct the staff to use a “trend analysis” approach but this guidance is vague because there are numerous trend analysis quantitative methods. Using the textbook as your source, which trend analysis methodology would you use to turn the historical production output data into a forecast of future production output?

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