In this problem, you are to test the validity of your forecasting model. Here are the forecasts
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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 the actual demands that occurred:
Week Forecast Actual 1 800 900 2 850 1,000 3 950 1,050 4 950 900 5 1,000 900 6 975 1,100 Use the method stated in the text to compute MAD and the tracking signal. Then, decide whether the forecasting model you have been using is giving reasonable results.TW-111
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Related Book For
ISE Operations And Supply Chain Management
ISBN: 9781260575941
16th International Edition
Authors: F. Robert Jacobs, Richard B. Chase
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