A grocery store sells the following number of frozen turkeys during the one-week period prior to Thanksgiving:
Question:
Turkeys Sold
Monday .........80
Tuesday .........53
Wednesday .........65
Thursday ..........43
Friday ...........85
Saturday ......... 101
a. Prepare a forecast of sales for each day, starting with F1 = 85 and α = .2.
b. Compute the MAD and the tracking signal for the data given above in each period. Use MAD0 = 0.
c. On the basis of the criteria given in the text, are the MAD and tracking signal within tolerances?
d. Recompute parts a and b using α = .1, .3, and .4. Which value of α provides the best forecast?
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a and b NAME SECTION 04 Apr 2010 ALPHA 02 TRACKING DEMAND FORECAST ERROR MAD SIGNA...View the full answer
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Related Book For 
Operations Management in the Supply Chain Decisions and Cases
ISBN: 978-0073525242
6th edition
Authors: Roger Schroeder, M. Johnny Rungtusanatham, Susan Goldstein
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