Given the following data for demand at the XYZ Company, calculate the monthly forecast for 2003 using a 3-month moving average. Calculate the Forecast, Error, MAD (mean absolute percentage error), Bias and the TS (tracking signal) .

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Given the following data for demand at the XYZ Company, calculate the monthly forecast for 2003 using a 3-month moving average. Calculate the Forecast, Error, MAD (mean absolute percentage error), Bias and the TS (tracking signal) .

 

 

Period
Demand
Forecast
Error
MAD
Bias
TS
2-Oct 2012
800
2-Nov 2012
1000
2-Dec 2012
950
2-Jan 2013
1100
2-Feb 2013
930
2-Mar 2013
1020
2-Apr 2013
870
Transcribed Image Text:Period Demand Forecast Error MAD Bias TS 2-Oct 2012 800 2-Nov 2012 1000 2-Dec 2012 950 2-Jan 2013 1100 2-Feb 2013 930 2-Mar 2013 1020 2-Apr 2013 870
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