n 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 АCTUAL 780 890 2. 840 990 940 1,040 4 940 890 5 990 890 6 965 1,060 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.) Running Sum of Forecast Errors Absolute Deviation Sum of Absolute Deviation Mean Absolute Deviation Tracking Signal Week Forecast Actual Deviation 780 840 1 890 2 990 940 1,040 4. 940 890 990 890 965 1,060 o. Decide whether the forecasting model you have been using is giving reasonable results. The forecasting model is acceptable The forecasting model is unacceptable LO

n 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 АCTUAL 780 890 2. 840 990 940 1,040 4 940 890 5 990 890 6 965 1,060 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.) Running Sum of Forecast Errors Absolute Deviation Sum of Absolute Deviation Mean Absolute Deviation Tracking Signal Week Forecast Actual Deviation 780 840 1 890 2 990 940 1,040 4. 940 890 990 890 965 1,060 o. Decide whether the forecasting model you have been using is giving reasonable results. The forecasting model is acceptable The forecasting model is unacceptable LO

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter7: Distance And Approximation

Section7.3: Least Squares Approximation

Problem 31EQ

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