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Demand and forecast for 5 months are given below: Month Demand Forecast 1 50 46 2 52 52 3 46 52 4 45 52 5 52 45 Give your answers to three decimal places. Find MSE of this forecast model Find the tracking signal for month 1 month 2 month 3

Demand and forecast for 5 months are given below: Month Demand Forecast 1 50 46 2 52 52 3 46 52 4 45 52 5 52 45 Give your answers to three decimal places. Find MSE of this forecast model Find the tracking signal for month 1 month 2 month 3

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Demand and forecast for 5 months are given below:

Month Demand Forecast
1 50 46
2 52 52
3 46 52
4 45 52
5 52 45

 

Give your answers to three decimal places.

  1. Find MSE of this forecast model

  2. Find the tracking signal for 

    1. month 1
    2. month 2
    3. month 3

 

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