The following table shows predicted product demand using your particular forecasting method along with the actual demand
Question:
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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Period Forecast Actual Deviation RSFE Absolute deviation Sum of ...View the full answer
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Related Book For 
Operations and Supply Chain Management
ISBN: 978-0078024023
14th edition
Authors: F. Robert Jacobs, Richard Chase
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