A manager uses a trend equation plus quarterly relatives to predict demand. Quarter relatives are SR₁ = 0.90, SR2 = 0.95, SR3 = 1.05, and SR4 = 1.10, The trend equation is: Ft= 10 + 5t. Over the past nine quarters, demand has been as follows: Period, t: Demand: Period, t 1 2 1 14 Click here for the Excel Data File 3 4 5 6 7 8 9 2 20 3 24 Demand 14 20 24 31 31 37 43 48 52 4 31 Compute the MAD and tracking signal for each period. (Negative values should be indicated by a minus sign. Round your intermediate calculations and final answers to 3 decimal places.) MAD 5 31 6 37 7 43 Tracking Signal 9 8 48 52
A manager uses a trend equation plus quarterly relatives to predict demand. Quarter relatives are SR₁ = 0.90, SR2 = 0.95, SR3 = 1.05, and SR4 = 1.10, The trend equation is: Ft= 10 + 5t. Over the past nine quarters, demand has been as follows: Period, t: Demand: Period, t 1 2 1 14 Click here for the Excel Data File 3 4 5 6 7 8 9 2 20 3 24 Demand 14 20 24 31 31 37 43 48 52 4 31 Compute the MAD and tracking signal for each period. (Negative values should be indicated by a minus sign. Round your intermediate calculations and final answers to 3 decimal places.) MAD 5 31 6 37 7 43 Tracking Signal 9 8 48 52
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
Give typed explanation
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 4 images
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.