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A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted: Month Forecast Actual April 260 210 May 335 260 June 410 332 July 360 310 August 385 335 September 460 403

A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted: Month Forecast Actual April 260 210 May 335 260 June 410 332 July 360 310 August 385 335 September 460 403

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Related questions
Question

What is the MAD? (Round your answer to 1 decimal place)

 

Question 23 options:

 

a) 

67.7
 

b) 

60.0
 

c) 

62.5
 

d) 

50.0

What is the tracking signal? (Round your answer to 1 decimal place)

 

Question 24 options:

 

a) 

-6.0
 

b) 

-1.0
 

c) 

-2.0
 

d) 

-5.0

Decide whether your forecasting method being used is acceptable. Which of the following answer is not true?

 

Question 25 options:

 

a) 

The model is consistently over-forecasting demand.
 

b) 

The model is consistently under-forecasting demand.
 

c) 

The model is not acceptable since the tracking signal indicates that it is moving in a downward direction.
 

d) 

The model is performing poorly and is not acceptable.
A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted: Month Forecast Actual April 260 210 May 335 260 June 410 332 July 360 310 August 385 335 September 460 403
Transcribed Image Text:A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted: Month Forecast Actual April 260 210 May 335 260 June 410 332 July 360 310 August 385 335 September 460 403
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