Question: The following table shows predicted product demand using your particular forecasting method along with the actual demand that occurred: Forecast ...... Actual 1500 ...... 1550

The following table shows predicted product demand using your particular forecasting method along with the actual demand that occurred:
Forecast ...... Actual
1500 ...... 1550
1400 ...... 1500
1700 ...... 1600
1750 ...... 1650
1800 ...... 1700
a. Compute the tracking signal using the mean absolute deviation and running sum of forecast errors.
b. Discuss whether your forecasting method is giving good predictions.

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