Certified in Production and Inventory Management (CPIM) Practice Test 19

Mr. Smith is a production manager at XYZ Manufacturing Company. He is responsible for ensuring optimal inventory levels to meet production demands while minimizing carrying costs. One of the products, Product A, has experienced fluctuating demand over the past few months. Mr. Smith is considering implementing a forecasting technique to better predict future demand for Product A. Which forecasting technique would be most suitable for Mr. Smith in this scenario?