Question: The following table shows predicted product demand while using your particular forecasting method along with the actual demand that occured: Forecast. Actual 1,490. 1,540 1,390.

The following table shows predicted product demand while using your particular forecasting method along with the actual demand that occured:

Forecast. Actual

1,490. 1,540

1,390. 1,490

1,690. 1,590

1,742. 1,640

1,790. 1,690

Compute the tracking signal using the mean deviation and running sum of forecast errors. (Negative values should be indicated by a minus sign. Round your Mean Absolute Deviation, tracking signal and all other answers to the nearest whole number.)

Deviation:

RSFE:

Absolute deviation:

Sum of Absolute deviation:

MAD:

TS:

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Bobcat Company, U.S.-based manufacturer of industrial equipment, just purchased a Korean company that produces plastic nuts and bolts for heavy equipment. The purchase price was Won7,500 million....

The objective of the Homework assignment is to provide an opportunity to apply or practice the tools and techniques covered in the course and to provide an opportunity to articulate key concepts...

To be solved by DKetan. Using Chapter 7 of your text as a reference, define a standard cost and explain what constitutes the components of a standard cost. Describe the advantages and disadvantages...

appeso questions 1-3. Weekly sales of ballpeen hammers at a home improvement store have been 14.9,30, 22, 34, 12.19.23 over the past 8 weeks. The following table shows the forecasts for weeks 4, 5...

1. Which method, direct or indirect, is used in the statement...support your answer? 2. list the principal sources and uses of cash for this firm. 3. Evaluate the change in cash. Has the firm...

The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $20, the overhead rate is 1.1 times labor cost, and...

Create charts to better understand data sets. For cross-sectional data, use a scatter chart. For time series data, use a line chart. Linear y = a + bx Logarithmic y = ln(x) Polynomial (2nd order) y =...

uantitative Analysis BA 452 Homework 3 Questions Homework 3 covers the theory and applications in Lessons I-6 and I-7. This document has four parts: Objectives of doing your homework. Assignment of...

Midterm Examination Questions - Spring 2016 1. The final examination grades of random samples of students from three different classes are shown below. Class A Class B Class C 92 91 85 85 85 93 96 90...

page number on bottom of page 2. On Page 36, under the section Break-Even Analysis", please calculate the breakeven point if the sales price increase by 50. Did the breakeven point increase or...

page 71 Problem 4 Using the client?s financial statements and notes to the financial statements, determine what issues relating to GAAP to which the predecessor auditor may be referring. Ensure you...

The current Australian foreign exchange at equilibrium is 0.7 US dollar ($US) per Australian dollar. What will happen to the Australian foreign exchange in the two following different scenarios? a....

The relationships described in Problems 25-7 and 25-8 may be of help in solving the following. (a) Calculate the wavelength of maximum emission of a tungsten-filament bulb operated at 2870 K and at...

One of the main problems with the arbitrage pricing theory is the model faik to identify the key macrotconomic variables in the ribk - return relationship the introduction of nonsystematic riak as a...

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...