The monthly demand for units manufactured by the Acme Rocket Company has been as follows: a. Use
Question:
The monthly demand for units manufactured by the Acme Rocket Company has been as follows:
a. Use the exponential smoothing method to forecast the number of units for June to January. The initial forecast for May was 105 units; a = 0.2.
b. Calculate the absolute percentage error for each month from June through December and the MAD and MAPE of forecast error as of the end of December.
c. Calculate the tracking signal as of the end of December. What can you say about the performance of your forecasting method?
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a b c As of the end of December the cumulative sum of forecast errors CFE is 39 U...View the full answer
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ISBN: 9781292409863
13th Global Edition
Authors: Lee Krajewski, Naresh Malhotra, Larry Ritzman
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