The following table shows predicted product demand using your particular forecasting method along with the actual demand
Question:
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
Operations And Supply Management: The Core
ISBN: 9780073403335
2nd Edition
Authors: F. Robert Jacobs, Richard Chase
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