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MCS,MBA(IT), Pursuing PHD
Devry University
Sep-2004 - Aug-2010
Assistant Financial Analyst
NatSteel Holdings Pte Ltd
Aug-2007 - Jul-2017
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
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