Question: need help please In this problem, you are to test the validity of your forecasting model. Here are the forecasts for a model you have
In this problem, you are to test the validity of your forecasting model. Here are the forecasts for a model you have been using ond the actual demands that occurred: a. USe the method stated in the text to compute the MAD and tracking signal for each week (Negative values should be indicated by a minus sign. Round your "Tracking Signal" to 1 decimal place and all other answers to the nearest whole number.) b. Decide whether the forecasting model you hove been using is giving reasonobie resuls The forocasting model is unacceptoble The forecasting model is acceptabie In this problem, you are to test the validity of your forecasting model. Here are the forecasts for a model you have been using ond the actual demands that occurred: a. USe the method stated in the text to compute the MAD and tracking signal for each week (Negative values should be indicated by a minus sign. Round your "Tracking Signal" to 1 decimal place and all other answers to the nearest whole number.) b. Decide whether the forecasting model you hove been using is giving reasonobie resuls The forocasting model is unacceptoble The forecasting model is acceptabie
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
