November 2, 200916 yr There are three types of inputs that will be used for producing a class of products. It could be either one or two or all three based on client requirement. I have data for 2 years since these products were produced. All three inputs have different costs associated with and thereby different returns. What is the best way to forecast for the next 5 years on the input that may be provided to produce this class of products. Can somebody let me know?
April 2, 201016 yr Hello Bhuvana,The best method for you to use is simulation. In a simulation model, you need to input values for each product and costs (based on past data and known trends). Best Regards,VK
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