Question: OPERATIONS AND SUPPLY CHAIN MANAGEMENT Use the method stated in the text to compute MAD and tracking signal. Then decide whether the forecasting model you

OPERATIONS AND SUPPLY CHAIN MANAGEMENT Use the

OPERATIONS AND SUPPLY CHAIN MANAGEMENT Use the method stated in the text to compute MAD and tracking signal. Then decide whether the forecasting model you have been using is giving reasonable results. 21. The following table shows predicted product demand using your particular forecasting method along with the actual demand that occurred: FORECAST ACTUAL 1,500 1,400 1,700 1,750 1,800 1,550 1,500 1,600 1,650 1,700 a. Compute the tracking signal using the mean absolute deviation and running sum of forecast errors. b. Discuss whether your forecasting method is giving good predictions

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