Question: Answer only if you're absolutely sure, please. The following table shows predicted product demand using your particular forecasting method along with the actual demand that

Answer only if you're absolutely sure, please.

The following table shows predicted product demand using your particular forecasting method along with the actual demand that occurred:

FORECAST	ACTUAL
1,505	1,555
1,405	1,505
1,705	1,605
1,755	1,655
1,805	1,705

a. Compute the tracking signal using the mean absolute deviation and running sum of forecast errors. (Negative values should be indicated by a minus sign. Round your "Mean Absolute Deviation", "Tracking Signal" to 2 decimal places and all other answers to the nearest whole number.)

Period	Forecast	Actual	Deviation	RSFE	Absolute Deviation	Sum of Absolute Deviation	MAD	TS
1	1,505	1,555
2	1,405	1,505
3	1,705	1,605
4	1,755	1,655
5	1,805	1,705

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Can you please give me tue correct answer to the part with the red x. The following table shows predicted product demand using your particular forecasting method along with the actual demand that...

Help solve with no excel please The following table shows predicted product demand using your particular forecasting method along with the actual demand that occurred: a. Compute the tracking signal...

please answer A Problem 3-21 (Algo) The following table shows predicted product demand using your particular forecasting method along with the actual demand that occurred: FORECAST ACTUAL 1,525 1,575...

18.12 Assume that your stock of sales merchandise is maintained based on the forecast demand. If the distributor's sales personnel call on the first day of each month, compute your forecast sales by...

Plot the tracking signals for each forecast and evaluate the movels that are greater signal. Assume that the analyst would flag forecasts with signals that are greater than 3 or less than 3. Which...

Please answer the full question, I think the answers inserted are wrong. Problem 3-21 (Algo) 4 The following table shows predicted product demand using your particular forecasting method along with...

19 WEEK FORECAST ACTUAL 1 800 900 2 850 1000 3 950 1050 4 950 900 5 1000 900 6 975 1100 Use the method stated in the text to compute the MAD and tracking signal. Then decide whether the forecasting...

Please Label each part(Period1-5, etc. ) in your solution. If you plan on writing you solution please make it legible. TY in advance! The following table shows predicted product demand using your...

can you show me step by step how you solved this problem without using excel thanks i had a great answer to this before from chegg but for some odd reason somebody or a robot deleted the response,...

If you can please show your work and round the correct decimal asked I would be very grateful! Thankyou! The following table shows predicted product demand using your particular forecasting method...

1. The current in a battery with cells connected in parallel equals the (a) Current in one cell. (b) Internal resistance. (c) Sum of the currents in each cell. 2. Examples of dry cells include (a)...

How is value related to controllable costs and benefits?

If The Wall Street Journal lists a stock's dividend as $ 1 , then it is most likely the case that the stock: paid $ . 2 5 per share per quarter for the past year. pays $ 1 per share per quarter paid...

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...