After using your forecasting model for six months, you decide to test it using MAD and a

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After using your forecasting model for six months, you decide to test it using MAD and a tracking signal. Here are the forecast and actual demands for the six- month period:

a. Find the tracking signal.
b. Decide whether your forecasting routine isacceptable.

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Operations and Supply Chain Management

ISBN: 978-0078024023

14th edition

Authors: F. Robert Jacobs, Richard Chase

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Question Posted: Apr 09, 2014 08:05 AM

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After using your forecasting model for six months, you decide to test it using MAD and a

Question:

PERIOD FORECAST ACTUAL May June July August September 450 500 550 600 650 700 500 550 400 500 675 600 October

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a Month Forecast Actual Deviation RSFE Absolute deviation Sum of ab...View the full answer

Operations and Supply Chain Management

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