Question: Problem 3 - 2 0 ( Algo ) In this problem, you are to test the validity of your forecasting model. Here are the forecasts
Problem 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:
tableWEEKFORECAST,ACTUAL
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 declmal place and all other answers to the nearest whole number.
tableWeekForecast,Actual,Deviation,RSFE,tableAbsoluteDeviationtableSum ofAbsoluteDeviationMAD,TS
b Decide whether the forecasting model you have been using is giving reasonable results.
The forecasting model is unacceptable.
The forecasting model is acceptable.
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