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Journal of Engineering and Applied Sciences
Year: 2017  |  Volume: 12  |  Issue: 12  |  Page No.: 3102 - 3107

Analysis of Time-Series Method for Demand Forecasting

Aayushi Verma, Aishwarya Karan, Aaroh Mathur and S. Chethan    

Abstract: This study focuses on analyzing the demand for raw material supply for a university dining mess using time series method which falls under quantitative approach of demand forecasting and gives a detailed step by step process of analysis. This method accurately forecasts the daily demand within a span of four months, thereby eliminating the concern of mess authorities on their budgeting and supply of raw material for university dining mess on a daily basis.

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