Course Solutions Uncategorized (Answered) : Problem Test Validity Forecasting Model Forecasts Model Using Actual Demands Occurred Week Q34306429

(Answered) : Problem Test Validity Forecasting Model Forecasts Model Using Actual Demands Occurred Week Q34306429

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: WEEK FORECAST ACTUAL 760 835 935 935 985 960 885 985 1,035 885 885 1.040 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.) Absolute Deviation Sum of Absolute Deviation Week Forecast Actual Deviation RSFE MAD TS 760 2 835 3 935 935 5 985 6 960 885 985 1,035 885 885 1,040 b. Decide whether the forecasting model you have been using is giving reasonable resulits O The forecasting model is unacceptable O The forecasting model is acceptable

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