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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:
tableWEEKFORECAST,ACTUAL
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 decimal place and all other answers to the nearest whole number.
tableWeekForecast,Actual,Deviation,RSFE,tableAbsoluteDeviationtableSum ofAbsoluteDeviationMAD,TSi
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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