Question: supply chain question Calculate the monthly forecast for 2003 using simple exponential smoothing with an a = 2. Calculate the MAD and the tracking signal.

supply chain question Calculate the monthly supply chain question

Calculate the monthly forecast for 2003 using simple exponential smoothing with an a = 2. Calculate the MAD and the tracking signal. Comment on the MAD and tracking signal results. (10 points) Period Demand Level Forecast Error MAD Bias TS Oct 12 420 Nov 12 520 Dec 12 570 645 Jan 13 670 Feb 13 620 Mar 13 1025 Apr 13 MADn = (Sum(t=1 to n)[At]) Absolute deviation = At = Et Forecast error = Et = Ft - Dt TSt = biast / MADt Biasn = Sum(t=1 to n)[Et] Lt+1 = aDt+1 + (1-a)Lt =

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