The following table shows predicted product demand using your particular forecasting method along with the actual demand

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The following table shows predicted product demand using your particular forecasting method along with the actual demand that occurred:

FORECAST ACTUAL 1,500 1,400 1,700 1,750 1,800 1,550 1,500 1,600 1,650 1,700

a. Compute the tracking signal using the mean absolute deviation and running sum of forecast errors.

b. Discuss whether your forecasting method is giving good predictions.

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Related Book For  book-img-for-question

Operations And Supply Management: The Core

ISBN: 9780073403335

2nd Edition

Authors: F. Robert Jacobs, Richard Chase

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