Question: 1 4 . Given the following data for demand at the XYZ Company, calculate the monthly forecast using a 4 -month m oving average .

14. Given the following data for demand at the XYZ Company, calculate the monthly forecast using a 4-month moving average. Calculate the Forecast, Error, MAD (mean absolute percentage error), Bias and the TS (tracking signal) .

Period

Demand

Forecast

Error

MAD

Bias

TS

2-Oct 2020

850

2-Nov 2020

950

2-Dec 2020

900

2-Jan 2021

1000

2-Feb 2021

950

2-Mar 2021

1050

2-Apr 2021

850

2-May 2021

800

2-June 2021

900

2-July 2021

1000

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