Answered>Order 259

In retail or in manufacturing industries, it is important for the business to prepare for inventory levels to ensure the business is optimally sizing the inventory with anticipation of customer demand. Forecasting with time-series is one effective method that could be used to visually represent historical data and anticipate future measurements. Time-series forecasting is the use of a model to predict future values based on previously observed values.

Identify a business case and apply a forecasting method that you would use to provide further insight into the business.