Top-down forecast for new region
Let's get top-down forecasts for each of the products in the southeast coastal region. There are two products - a high value and low value. You have the following objects for sales SEC_hi
, SEC_lo
, and SEC_total
in your workspace. You also have SEC_hi_v
and SEC_lo_v
for validation.
This exercise is part of the course
Forecasting Product Demand in R
Hands-on interactive exercise
Have a go at this exercise by completing this sample code.
# Calculate the average of historical proportions
prop_hi <- mean(___/SEC_total)
prop_lo <- mean(___/___)