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The manager of a travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. The actual and predicted values are as follows: A. Compute MAD for the fifth period, then update it by period using exponentially smoothing with alpha 0.30 B. Compute a tracking signal for period 5 through 14 using the initial and updated mads. If limit of ± 3 are used.

The manager of a travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. The actual and predicted values are as follows: A. Compute MAD for the fifth period, then update it by period using exponentially smoothing with alpha 0.30 B. Compute a tracking signal for period 5 through 14 using the initial and updated mads. If limit of ± 3 are used.

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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The manager of a travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. The actual and predicted values are as follows: A. Compute MAD for the fifth period, then update it by period using exponentially smoothing with alpha 0.30 B. Compute a tracking signal for period 5 through 14 using the initial and updated mads. If limit of ± 3 are used.
Period Demand Predicted 1 129 124 2 194 200 3 156 150 4 91 94 85 80 6. 132 140 126 128 8 126 124 9 95 100 10 149 150 98 85 11 94 12 80 13 137 140 14 134 128
Transcribed Image Text:Period Demand Predicted 1 129 124 2 194 200 3 156 150 4 91 94 85 80 6. 132 140 126 128 8 126 124 9 95 100 10 149 150 98 85 11 94 12 80 13 137 140 14 134 128
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