After using your forecasting model for six months, you decide to test it using MAD and a
Question:
After using your forecasting model for six months, you decide to test it using MAD and a tracking signal. Here are the forecast and actual demands for the six-month period:
PERIOD FORECAST ACTUAL May June July August September October 450 500 550 600 650 700 500 550 400 500 675 600
a. Find the tracking signal.
b. Decide whether your forecasting routine is acceptable.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Operations And Supply Management: The Core
ISBN: 9780073403335
2nd Edition
Authors: F. Robert Jacobs, Richard Chase
Question Posted: