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 |
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2-May 2021 | 800 |
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2-June 2021 | 900 |
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2-July 2021 | 1000 |
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