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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:
a ?Use the method stated in the text to compute the MAD and tracking signal for each week. 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.
b ?Decide whether the forecasting model you have been using is giving reasonable results.
The forecasting model is acceptable.
The forecasting model is unacceptable.
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