In this problem, you are to test the validity of your forecasting model. Here are the forecasts for a model you have been using and the actual demands that occurred: a. Use the method stated in the text to compute the MAD and tracking signal for each week. (Negative values should be indicated by a minus sign. Round your “Tracking Signal” to 1 decimal place and all other answers to the nearest whole number.)
As it can be observed in the Tracking Signal that it is going below the base line which indicates we are having a conservative forecasting. Thus to reduce this gap we have to increase the forecast.
Don't use plagiarized sources. Get Your Custom Essay on
Question & Answer: In this problem, you are to test the validity of your forecasting model. Here are the forecasts for…..
GET AN ESSAY WRITTEN FOR YOU FROM AS LOW AS $13/PAGE