After using your forecasting model for six months, you decide to test it using MAD and a tracking signal. Here are the forecast and actual demands for the six-month period: PERIOD FORECAST ACTUAL May 450 480 June 500 560 July 550 380 August 590 465 September 635 650 October 715 610 a. Find the tracking signal.
After using your forecasting model for six months, you decide to test it using MAD and a tracking signal. Here are the forecast and actual demands for the six-month period: PERIOD FORECAST ACTUAL May 450 480 June 500 560 July 550 380 August 590 465 September 635 650 October 715 610 a. Find the tracking signal.
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter4: Eigenvalues And Eigenvectors
Section4.6: Applications And The Perron-frobenius Theorem
Problem 25EQ
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After using your forecasting model for six months, you decide to test it using MAD and a tracking signal. Here are the forecast and actual demands for the six-month period:
PERIOD | FORECAST | ACTUAL |
May | 450 | 480 |
June | 500 | 560 |
July | 550 | 380 |
August | 590 | 465 |
September | 635 | 650 |
October | 715 | 610 |
a. Find the tracking signal.
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