b. Given the forecast demand and actual demand for a fishing boat, compute the tracking signal and MAD for each month, and what do you think about the accuracy of the forecasting model and why? Month Forecast Demand Actual Demand 1 85 90 75 80 3 83 65 4 90 60 95 55 Please use the following table for your answer: Month Forecast Actual Actual Cumulative Absolute Sum of MAD TS Demand Demand Deviation Deviation Deviation Absolute (RSFE) Deviation

b. Given the forecast demand and actual demand for a fishing boat, compute the tracking signal and MAD for each month, and what do you think about the accuracy of the forecasting model and why? Month Forecast Demand Actual Demand 1 85 90 75 80 3 83 65 4 90 60 95 55 Please use the following table for your answer: Month Forecast Actual Actual Cumulative Absolute Sum of MAD TS Demand Demand Deviation Deviation Deviation Absolute (RSFE) Deviation

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...

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