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a. Prepare a forecast of sales for each day, starting with F 1=85 and a= .2. b. Compute the MAD and the tracking signal for the data given above in each period. Use MADO = 0.

a. Prepare a forecast of sales for each day, starting with F 1=85 and a= .2. b. Compute the MAD and the tracking signal for the data given above in each period. Use MADO = 0.

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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A grocery store sells the following number of frozen turkeys during the one-week period prior to Thanksgiving: Turkeys Sold Monday 80 Tuesday 53 Wednesday 65 Thursday 43 Friday 85 Saturday 101 a. Prepare a forecast of sales for each day, starting with F 1=85 and a= .2. b. Compute the MAD and the tracking signal for the data given above in each period. Use MADO = 0. c. Are the MAD and tracking signal within tolerances? d. Recompute parts a and b using a= .1,.3, and .4. Which value of a provides the best forecast?
Transcribed Image Text:A grocery store sells the following number of frozen turkeys during the one-week period prior to Thanksgiving: Turkeys Sold Monday 80 Tuesday 53 Wednesday 65 Thursday 43 Friday 85 Saturday 101 a. Prepare a forecast of sales for each day, starting with F 1=85 and a= .2. b. Compute the MAD and the tracking signal for the data given above in each period. Use MADO = 0. c. Are the MAD and tracking signal within tolerances? d. Recompute parts a and b using a= .1,.3, and .4. Which value of a provides the best forecast?
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