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Additional Problem 03-06 (Algo) Monthly attendance at financial planning seminars for the past 24 months, and forecasts and errors for those months, are shown
Additional Problem 03-06 (Algo) Monthly attendance at financial planning seminars for the past 24 months, and forecasts and errors for those months, are shown in the following table. Determine if the forecast is working by computing a tracking signal, beginning with month 10, updating MAD with exponential smoothing. Use an alpha value of 0.2. (Round all your calculations to three decimal points.) Month Attend Forecast A-F lel Cumulative le MAD Cumulative Error Tracking Signal 1 48 50 -2 2 2 2 52 53 -1 1 3 3 56 51 5 5 8 4 57 64 -7 7 15 #56789012215672222222 51 46 5 5 20 50 45 5 5 25 43 51 -8 8 33 39 45 -6 6 39 31 41 -10 10 49 30 27 3 3 52 5.200 36 40 -4 4 40 36 4 4 13 52 57 -5 5 14 65 72 -7 7 69 77 -8 8 61 66 -5 5 57 61 -4 4 54 53 1 1 44 43 1 1 35 30 5 5 31 30 1 1 29 34 -5 5 23 38 45 -7 7 24 43 46 -3 3
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