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Given a forecast demand and an actual demand for a certain product, calculate the tracking signal and MAD parameter. Year Forecast Demand Actual demand 1 78 71 75 80 83 101 84 84 88 60 85 73

Given a forecast demand and an actual demand for a certain product, calculate the tracking signal and MAD parameter. Year Forecast Demand Actual demand 1 78 71 75 80 83 101 84 84 88 60 85 73

Practical Management Science
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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Given a forecast demand and an actual demand for a certain product, calculate the tracking signal and MAD parameter. Year Forecast Demand Actual demand 1 78 71 75 80 3 83 101 84 84 5 88 60 85 73
Transcribed Image Text:Given a forecast demand and an actual demand for a certain product, calculate the tracking signal and MAD parameter. Year Forecast Demand Actual demand 1 78 71 75 80 3 83 101 84 84 5 88 60 85 73
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