Two experienced managers have resisted the introduction of a computerized exponential smoothing system, claiming that there judgmental
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Two experienced managers have resisted the introduction of a computerized exponential smoothing system, claiming that there judgmental forecast are “much better than any impersonal computer could do.” There past record of prediction is as shown in Table 5.19.
(a) Compute the MAD.
(b) Compute the tracking signal.
(c) On the basis of your calculations, is the judgmental system performing satisfactorily?
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