Question: SUBJECT NAME: PRODUCTION AND OPERATION DO NOT USE MS EXCEL OR ANY OTHER SOFTWARE FOR CALCULATION, ANSWERS WILL NOT BE ACCEPTED HANDWRITTEN ANSWER APPRECIATED NO

SUBJECT NAME: PRODUCTION AND OPERATION DO NOT USE

SUBJECT NAME: PRODUCTION AND OPERATION

DO NOT USE MS EXCEL OR ANY OTHER SOFTWARE FOR CALCULATION, ANSWERS WILL NOT BE ACCEPTED

HANDWRITTEN ANSWER APPRECIATED

NO FURTHER INFORMATION AVAILABLE REGARDING THE QUESTION.

UPLOADED BY: IP 2022 MIT

Two experienced managers have resisted the introduction of a computerized exponential smoothing system claiming that their judgmental forecasts are much better. Their past record of prediction is as shown below. Actual Forecast Actual Forecast Week Week Demand Demand Demand Demand 1 4000 4500 6 5000 4000 2 4200 5000 7 5600 5000 3 4200 4000 8 4400 4800 4 3000 3800 9 5000 4000 5 3800 3600 10 4800 5000 Calculate MAD and tracking signal. Is the judgmental system performing satisfactorily

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