CourseLover

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    Devry University
    Sep-2004 - Aug-2010

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    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Business & Finance Posted 10 Dec 2017 My Price 10.00

predicted product demand using particular forecasting method

8.      

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

 

FORECAST ACTUAL
1,475          1,525         
1,375          1,475         
1,675          1,575         
1,725          1,625         
1,775          1,675         

 

a.

Compute the tracking signal using the mean absolute deviation and running sum of forecast errors.(Negative values should be indicated by a minus sign. Round your "Mean Absolute Deviation", "Tracking Signal" to 2 decimal places and all other answers to the nearest whole number.)

 

 Period Forecast Actual   Deviation          Running Sum
        of Forecast Errors
     Absolute
     Deviation
        Sum of         Absolute Deviation        Mean
        Absolute Deviation
      Tracking Signal
1 1,475        1,525                           
2 1,375        1,475                           
3 1,675        1,575                           
4 1,725        1,625                           
5 1,775        1,675                           

References Wo

Answers

(12)
Status NEW Posted 10 Dec 2017 08:12 AM My Price 10.00

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