Question: Problem 3 - 2 0 ( Algo ) In this problem, you are to test the validity of your forecasting model. Here are the forecasts

Problem 3-20(Algo)
In this problem, you are to test the validity of your forecasting model. Here are the forecasts for a model you have been using and the actual demands that occurred:
\table[[WEEK,FORECAST,ACTUAL],[1,850,925],[2,875,1,025],[3,975,1,075],[4,975,925],[5,1,025,925],[6,1,000,1,020]]
a. Use the method stated in the text to compute the MAD and tracking signal for each week. Note: Negatlve values should be Indlcated by a minus sign. Round your "Tracking Signal" to 2 declmal place and all other answers to the nearest whole number.
\table[[Week,Forecast,Actual,Deviation,RSFE,\table[[Absolute],[Deviation]],\table[[Sum of],[Absolute],[Deviation]],MAD,TS],[1,850,925,,,,,,],[2,875,1,025,,,,,,],[3,975,1,075,,,,,,],[4,975,925,,,,,,],[5,1,025,925,,,,,,],[6,1,000,1,020,,,,,,]]
b. Decide whether the forecasting model you have been using is giving reasonable results.
The forecasting model is unacceptable.
The forecasting model is acceptable.
 Problem 3-20(Algo) In this problem, you are to test the validity

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