Product B

X Y XY X^2

Year Number of periods Actual Demand Estimated |(A-F) |

Forecast
2011 1 57000 57000 1 56555.6 444.4
2012 2 61000 122000 4 61222.3 222.3
2013 3 66000 198000 9 65889 111
2014 4 71000 284000 16 70555.7 444.3
2015 5 72000 360000 25 75222.4 3222.4
2016 6 82000 492000 36 79889.1 2110.9
2017 7 85000 595000 49 84555.8 444.2
2018 8 90000 720000 64 89222.5 777.5
2019 9 93000 837000 81 93889.2 889.2
45 677000 3665000 285 8666.2

Y = mX+c

m= 4666.7

c= 51888.9

Now the equation stands as, Y= 4666.7X+51888.9

Mean Absolute Deviation (MAD) = 962.91

Forecast for the year of 2021 is = 98555.9 ±962.91

Forecast for the year of 2022 is = 103222.6±962.91

Product B

X Y XY X^2

Year Number Actual EF |(A-F) |

2011 1 57000 57000 1 56555.6 444.4

2012 2 61000 122000 4 61222.3 222.3

2013 3 66000 198000 9 65889 111

2014 4 71000 284000 16 70555.7 444.3

2015 5 72000 360000 25 75222.4 3222.4

2016 6 82000 492000 36 79889.1 2110.9

2017 7 85000 595000 49 84555.8 444.2

2018 8 90000 720000 64 89222.5 777.5

2019 9 93000 837000 81 93889.2 889.2

45 677000 3665000 285 8666.2