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Thu 29 Dec, 2016 05:12 am
The data indicates consumption pattern of a spare part for last three years.
It is monthly consumption from sep-13 to sep -16. Now I need to forecast its consumption for next 6 months or 1 year. It will have non negative values. It is a very costly part, so having more than required is very costly. Please suggest a suitable model to forecast such random series.
161, 142, 6.4, 0, 16, 89 72, 4148.49 714, 5, 919, 0, 0, 0, 0, 0, 0, 152, 35, 130, 102, 408, 352.5, 178, 47, 227, 5, 38.25, 436.75, 64, 3, 147, 100, 0, 10, 243, 7, 478,
Below is the data.
Feb-14 14
Mar-14 533
Apr-14 729
May-14 906
Jun-14 916
Jul-14 14
Aug-14 18
Sep-14 1512
Oct-14 858
Nov-14 373
Dec-14 723
Jan-15 287
Feb-15 1
Mar-15 51
Apr-15 771
May-15 844
Jun-15 663
Jul-15 351
Aug-15 152
Sep-15 716
Oct-15 0
Nov-15 1195
Dec-15 878
Jan-16 283
Feb-16 58
Mar-16 366
Apr-16 7
May-16 687
Jun-16 605
Jul-16 322
Aug-16 523
Sep-16 300