FORECAST ACTUAL 1,470 1,520 1,370 1,470 1,670 1,570 1,720 1,620 1,770 1,670 a. Compute the tracking...
| FORECAST | ACTUAL |
| 1,470 | 1,520 |
| 1,370 | 1,470 |
| 1,670 | 1,570 |
| 1,720 | 1,620 |
| 1,770 | 1,670 |
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 | RSFE | Absolute Deviation |
Sum of Absolute Deviation |
MAD | TS |
| 1 | 1,470 | 1,520 | ||||||
| 2 | 1,370 | 1,470 | ||||||
| 3 | 1,670 | 1,570 | ||||||
| 4 | 1,720 | 1,620 | ||||||
| 5 | 1,770 | 1,670 | ||||||
Homework Answers
a.We have,
Deviation=Actual -Forecast
Deviation in period 1=B3-C3=50
(Drag this cell formula for rest of the periods)
Running sum of forecast errors=RSFE of period 1=Deviation of period 1 =50
RSFE of period 2 =E3+D4=150
(Drag this cell formula for rest of the periods)
Absolute deviation =Absolute value of (deviation)
Sum of absolute deviation of period 1=absolute deviation of period 1=50
Sum of absolute deviation of period 2=G3+F4=150
(Drag this cell formula for rest of the periods)
MAD of period 1=Absolute deviation of period 1=50
MAD of period 2=SUM($F$3:F4)/A4=75
(Drag this cell formula for rest of the periods)
Tracking signal =RSFE/MAD
Tracking signal of period 1=E3/H3=1
(Drag this cell formula for rest of the periods)
Add Answer to:
FORECAST
ACTUAL
1,470
1,520
1,370
1,470
1,670
1,570
1,720
1,620
1,770
1,670
a. Compute the tracking...
The following table shows predicted product demand using your particular forecasting method along with the actual...
The following table shows predicted product demand using your particular forecasting method along with the actual demand that occurred: FORECAST ACTUAL 1,490 1,540 1,390 1,490 1,690 1,590 1,742 1,640 1,790 1,690 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...
[18-22The following table shows monthly actual and forecast air passenger demand on Stockton Airlines ACTUAL FORECAST...
[18-22The following table shows monthly actual and forecast air passenger demand on Stockton Airlines ACTUAL FORECAST ERROR RSFE MAD 180 TIME PERIOD Jan Feb Mar Apr 2 7 210 130 190 NA 2 30 2 2 NA TRACKING SIGNAL -10 2 ? NA 2 2 NA NA Using exponential smoothing (0.5) what will be the air passenger demand in April? O A 16725 8.171.25 c. 17425 0.17625 QUESTION 19 25 points In March, what is the running sum of the...
In this problem, you are to test the validity of your forecasting model. Here are the...
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 mtindo FORECAST 840 870 970 970 1,020 ACTUAL 920 1,020 1,070 920 920 1,010 995 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...
Exercise # 1-0M6322-week 4-Forecasting using Exponential Smoothing The first five periods of demand data are shown...
Exercise # 1-0M6322-week 4-Forecasting using Exponential Smoothing The first five periods of demand data are shown in the following table Let the smoothing coefficient, alpha, equal 0.2.Compute the exponentially smoothed forecasts for periods one through four Initialize the procedure with a forecast value for period one of 37 Period Aggregate Demand Forecast demand 38 42 40 36 42 37 Determine the Running Sum of Forecast Errors (RSFE), the Mean Absolute Deviation, MADt Land the Tracking Signal(TS) at the end of...
1. Calculate mean absolute deviation (MAD), mean absolute percent error (MAPE), and tracking signal (TS) based...
1. Calculate mean absolute deviation (MAD), mean absolute percent error (MAPE), and tracking signal (TS) based on below information. MAD Period Error Absolute Error 1 lor 2 3 4 5 Demand 155 145 160 151 143 Forecast 130 155 145 160 151 MAD= MAPE Period 1 2 3 4 5 Demand 155 145 160 151 143 Forecast 130 155 145 160 151 Ave Demand MAPE=
If you could please provide!! Thank you!! ▪ Necessary and appropriate assumptions (when applicable) ▪ Formulas...
If you could please provide!! Thank you!!
▪ Necessary and appropriate assumptions (when
applicable)
▪ Formulas and graphs
▪ Relevant conclusion(s)
4. .The following table shows predicted product demand using your particular forecasting method along with the actual demand that occurred: FORECAST AcTUAL 1,500 1,550 400500 1,700 1.750 1,800 1,600 1,650 1,700 a. Compute the tracking signal using the mean absolute deviation and running sum of forecast errors. Discuss whether your forecasting method is giving good predictions. b.
A manager has been using a certain technique to forecast demand for project management software at...
A manager has been using a certain technique to forecast demand for project management software at her store. Actual demand and her corresponding predictions are shown below: MonthActual Demand Manager's Forecast March4545April4250May3445June4840July3845 a. What was the manager's forecast error for each month?b. What is the mean error (ME), the mean squared error (MSE), the mean absolute deviation (MAD), and the tracking signal for these five months of forecasting?c. If the manager had used a 3-month moving average instead of her technique, what would have...
The manager of a travel agency has been using a seasonally adjusted forecast to predict demand...
The manager of a travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. The actual and predicted values are as follows: Period Demand Predicted 1 123 113 2 183 200 3 143 150 4 78 102 5 73 80 6 118 135 7 113 128 8 142 124 9 107 109 10 162 150 11 117 94 12 102 80 13 137 140 14 147 128 a. Compute MAD for the fifth period, then...
DO NOT ANSWER AT ALL IF YOU ARE ONLY ANSWERING 5 QUESTIONS THANK YOU True or...
DO NOT ANSWER AT ALL IF YOU ARE ONLY ANSWERING 5 QUESTIONS THANK YOU True or false Process design includes selecting the appropriate technology, sizing the process over time, determining the role of inventory in the process, and locating the process. Operations and supply chain strategy is concerned with setting broad policies and plans for using the resources of a firm and must be integrated with corporate strategy. "Social" pertains to fair and beneficial business practices toward labour, the community,...
Please answer each question and highlight each answer or the table. Starbucks has a Isrge, global supply chain tha...
Please answer each question and highlight each answer or the table.
Starbucks has a Isrge, global supply chain that must eficienty supply over 17,000 stores. Although the stores might appesr to be very similse, they are actualy very difierent. Depending on the locaion of the store, its size, and the prolile of the oustomers served, Starbucks management oonfigures the store offerings to take maimum advantage of the space available and customer preferenoes. Starbucks' actual distribution system is much more complex,...
[18-22The following table shows monthly actual and forecast air passenger demand on Stockton Airlines ACTUAL FORECAST ERROR RSFE MAD 180 TIME PERIOD Jan Feb Mar Apr 2 7 210 130 190 NA 2 30 2 2 NA TRACKING SIGNAL -10 2 ? NA 2 2 NA NA Using exponential smoothing (0.5) what will be the air passenger demand in April? O A 16725 8.171.25 c. 17425 0.17625 QUESTION 19 25 points In March, what is the running sum of the...
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 mtindo FORECAST 840 870 970 970 1,020 ACTUAL 920 1,020 1,070 920 920 1,010 995 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...
Exercise # 1-0M6322-week 4-Forecasting using Exponential Smoothing The first five periods of demand data are shown in the following table Let the smoothing coefficient, alpha, equal 0.2.Compute the exponentially smoothed forecasts for periods one through four Initialize the procedure with a forecast value for period one of 37 Period Aggregate Demand Forecast demand 38 42 40 36 42 37 Determine the Running Sum of Forecast Errors (RSFE), the Mean Absolute Deviation, MADt Land the Tracking Signal(TS) at the end of...
1. Calculate mean absolute deviation (MAD), mean absolute percent error (MAPE), and tracking signal (TS) based on below information. MAD Period Error Absolute Error 1 lor 2 3 4 5 Demand 155 145 160 151 143 Forecast 130 155 145 160 151 MAD= MAPE Period 1 2 3 4 5 Demand 155 145 160 151 143 Forecast 130 155 145 160 151 Ave Demand MAPE=
If you could please provide!! Thank you!!
▪ Necessary and appropriate assumptions (when
applicable)
▪ Formulas and graphs
▪ Relevant conclusion(s)
4. .The following table shows predicted product demand using your particular forecasting method along with the actual demand that occurred: FORECAST AcTUAL 1,500 1,550 400500 1,700 1.750 1,800 1,600 1,650 1,700 a. Compute the tracking signal using the mean absolute deviation and running sum of forecast errors. Discuss whether your forecasting method is giving good predictions. b.
Please answer each question and highlight each answer or the table.
Starbucks has a Isrge, global supply chain that must eficienty supply over 17,000 stores. Although the stores might appesr to be very similse, they are actualy very difierent. Depending on the locaion of the store, its size, and the prolile of the oustomers served, Starbucks management oonfigures the store offerings to take maimum advantage of the space available and customer preferenoes. Starbucks' actual distribution system is much more complex,...
Most questions answered within 3 hours.
-
Given a regression sum of squares equal to 2373.59 and a total
sum of squares equal...
asked 5 minutes ago -
The sandwich maker of the EE-Cole-Eye Sandwich Truck was just
fired (for a reason described below)...
asked 2 hours ago -
Name the following coordination compounds using systematic
nomenclature.
1. [Co(H2O)6]Cl2:
2. [Cr(NH3)6](NO3)3:
3. K4[Fe(CN)6]:
4. Na[Au(CN)4]:...
asked 1 hour ago -
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 3 hours ago -
This assignment will explore the impact of corporate decisions
on a local versus a global perspective....
asked 2 hours ago -
Given the function below, F(w,x,y,z)= x’z+w’z’+w’y
a) draw a logic diagram for an implementation which uses...
asked 2 hours ago -
Most political philosophers believe we have a duty to obey laws,
even if the laws in...
asked 3 hours ago -
Which of the following are common negotiation outcome
mistakes?
a. Leave money on the table b....
asked 3 hours ago -
Convert the following quantities:
a) 0.819 atm to torr b) 512 mmHg to bar c) 11.2...
asked 4 hours ago -
C ++ Implement cat command
The purpose of this assignment is to provide practice using the...
asked 4 hours ago -
we
convert sugars into another form of stored potential energy. This
is called?
asked 5 hours ago -
The manufacturers of Oriental Spice Sauce are concerned that the
sodium levels in their product vary...
asked 5 hours ago