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How did you choose a particular model, what analysis is carried out before finalizing a model

INSTRUCTIONS TO CANDIDATES
ANSWER ALL QUESTIONS

Please forecast day wise sales for Jan 2022 for the given 5 products with below conditions

1 Forecast P1 given Covid is expected in Jan'2022

2 P2 is expected to have 20% promotion from 15th-30th of Jan'2022 and buyers expected to grow by 22%

3 P3 is expected to have a price increase of 15% and covid impact in Jan'2022

4 P4 & P5 has covid impact, price decrease of 5%, buyers expected to reduce by 14% 

Assessment

Approach to the overall forecasting problem

How did you choose a particular model, what analysis is carried out before finalizing a model

How are the independent variables impacting the forecast and what approach is taken to design the forecast model

 

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