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In this problem, you are to test the validity of your forecasting model. Here are the forecasts for a model you have been using and

In this problem, you are to test the validity of your forecasting model. Here are the forecasts for a model you have been using and the actual demands that occurred:
\table[[WEEK,FORECAST,ACTUAL],[1,815,940],[2,875,1,015],[3,945,1,055],[4,955,915],[5,1,015,915],[6,1,000,1,015]]
a. Use the method stated in the text to compute the MAD and tracking signal for each week.
Note: Negative values should be indicated by a minus sign. Round your "Tracking Signal" to 2 decimal place and all other answers to the nearest whole number.
\table[[Week,Forecast,Actual,Deviation,RSFE,\table[[Absolute],[Deviation]],\table[[Sum of],[Absolute],[Deviation]],MAD,TS],[1,815,940,,,,,,5],[2,875,1,015,,,,,,],[3,945,1,055,i,,,,,],[4,955,915,,,,,,],[5,1,015,915,,,,,,],[6,1,000,1,015,,,,,,]]
b. Decide whether the forecasting model you have been using is giving reasonable results.
The forecasting model is unacceptable.
The forecasting model is acceptable.
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