Question: 1. Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline
1. Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline station. Also shown are actual demand levels, in thousands of gallons:
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The MAD for Method 1 = ____ thousand gallons (round your response to three decimal places).
2. The following are monthly actual and forecast demand levels for May through December for units of a product manufactured by the D. Bishop Company in Des Moines:
| Month | Actual Demand | Forecast Demand | ||
| May | 105 | 104 | ||
| June | 80 | 108 | ||
| July | 108 | 101 | ||
| August | 115 | 101 | ||
| September | 105 | 104 | ||
| October | 106 | 106 | ||
| November | 125 | 105 | ||
| December | 120 | 109 | ||
For the given forecast, the tracking signal = ___ MADs (round your response to two decimal places).
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