Question
A grocery store sells the following number of frozen turkeys during the week prior to Thanksgiving: TURKEYS SOLD Day Prev. Wk Forecast Monday 80 85.00
A grocery store sells the following number of frozen turkeys during the week prior to Thanksgiving:
| TURKEYS SOLD | ||
| Day | Prev. Wk | Forecast |
| Monday | 80 | 85.00 |
| Tuesday | 53 | 84.00 |
| Wednesday | 65 | 77.80 |
| Thursday | 43 | 75.24 |
| Friday | 85 | 68.79 |
| Saturday | 101 | 71.95 |
a. Prepare a forecast of sales for each day, starting with F1=85 and a=2
b. Compute MAD and the tracking signal in each period. Use MAD0=0
c. On the basis of the criteria given in the text, are the MAD and tracking signal within tolerance?
d. Recompute parts a and b using a=.1, .3, and .4. Which value of a provides the best forecast?
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Project Management The Managerial Process
Authors: Erik Larson, Clifford Gray
6th edition
1259186407, 978-0078096594, 78096596, 978-1259186400
