Tracy is the the Director of Supply Chain at Circuits Inc. An accurate forecast at Circuits Inc. is very important because of the long lead times for raw materials. Tracy has asked you to quickly pull together forecast accuracy information over the last 5 months to share at the upcoming S & OP meeting. Month Demand Forecast 1,200 1,150 2 1,750 1,530 3 2,250 1,962 4 1,600 1,745 1,550 1,628
Tracy is the the Director of Supply Chain at Circuits Inc. An accurate forecast at Circuits Inc. is very important because of the long lead times for raw materials. Tracy has asked you to quickly pull together forecast accuracy information over the last 5 months to share at the upcoming S & OP meeting. Month Demand Forecast 1,200 1,150 2 1,750 1,530 3 2,250 1,962 4 1,600 1,745 1,550 1,628
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 28P: The file P13_28.xlsx contains monthly retail sales of U.S. liquor stores. a. Is seasonality present...
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![Tracy is the the Director of Supply Chain at Circuits Inc. An accurate forecast at Circuits Inc. is very
important because of the long lead times for raw materials. Tracy has asked you to quickly pull
together forecast accuracy information over the last 5 months to share at the upcoming S & OP
meeting.
Month
Demand
Forecast
1
1,200
1,150
2
1,750
1,530
2,250
1,962
4
1,600
1,745
1,550
1,628
What is the MAD for month 5? (use 2 decimal places)
O Less than or equal to 100
O Greater than 150 but less than or equal to 200
Greater than 250
O Greater than 200 but less than or equal to250](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F34fcddde-42b7-421a-8888-5278593c66ed%2F25b173ac-852d-4f91-b7c0-a81e16e68ed5%2F3puu9o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Tracy is the the Director of Supply Chain at Circuits Inc. An accurate forecast at Circuits Inc. is very
important because of the long lead times for raw materials. Tracy has asked you to quickly pull
together forecast accuracy information over the last 5 months to share at the upcoming S & OP
meeting.
Month
Demand
Forecast
1
1,200
1,150
2
1,750
1,530
2,250
1,962
4
1,600
1,745
1,550
1,628
What is the MAD for month 5? (use 2 decimal places)
O Less than or equal to 100
O Greater than 150 but less than or equal to 200
Greater than 250
O Greater than 200 but less than or equal to250
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