Question: A particular forecasting model was used to forecast a six - month period. Here are the forecasts and actual demands that resulted: Month Forecast Actual

A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted:
Month
Forecast
Actual
April
260
210
May
335
260
June
410
332
July
360
310
August
385
335
September
460
403
Question 23(4 points)
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What is the MAD? (Round your answer to 1 decimal place)
Question 23 options:
a)
67.7
b)
60.0
c)
50.0
d)
62.5
Question 24(4 points)
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What is the tracking signal? (Round your answer to 1 decimal place)
Question 24 options:
a)
-5.0
b)
-2.0
c)
-6.0
d)
-1.0
Question 25(4 points)
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Decide whether your forecasting method being used is acceptable. Which of the following answer is not true?
Question 25 options:
a)
The model is not acceptable since the tracking signal indicates that it is moving in a downward direction.
b)
The model is consistently under-forecasting demand.
c)
The model is performing poorly and is not acceptable.
d)
The model is consistently over-forecasting demand.

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