Analysis of Production Performance of Tamilnadu Newsprint and Papers LTD – Case Study

Abstract

Every day, Tamilnadu Newsprint and Papers Ltd managers must make decisions about Production delivery without knowing what will happen in the future. Forecasts enable them to anticipate the future and plan, many forecasting methods are available to Tamilnadu Newsprint and Papers Ltd managers for planning, to estimate future demand or any other issues at hand. However, for any type of forecast to bring about later success, it must follow a step-by-step process comprising five major steps: 1) goal of the forecast and the identification of resources for conducting it; 2) time horizon; 3) selection of a forecasting technique; 4) conducting and completing the forecast; and 5) monitoring the accuracy of the forecast. Accordingly Linear Regression method is a widely used to predict this kind of demand. In this paper, we forecast the Production of Papers in TamilNadu Newsprint and Papers Ltd from the past 15 years of Production using the Linear Regression method