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 sixmonth period. Here are the forecasts and actual demands that resulted:
Month
Forecast
Actual
April
May
June
July
August
September
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What is the MAD? Round your answer to decimal place
Question options:
a
b
c
d
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What is the tracking signal? Round your answer to decimal place
Question options:
a
b
c
d
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Decide whether your forecasting method being used is acceptable. Which of the following answer is not true?
Question 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 underforecasting demand.
c
The model is performing poorly and is not acceptable.
d
The model is consistently overforecasting demand.
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