Which of these forecasts is the BEST? The one with a MAD of zero. The one...
Which of these forecasts is the BEST? The one with a MAD of zero. The one with the tracking signal of +4. The one with the tracking signal of -4. The one where the tracking signal times the MAD equals zero.
Homework Answers
1. D. tracking signal times MAD = 0
when we consider a MAD value of 0, We consider the positive and negative aspects of prediction which means that while the value of MAD would be 0, some months would have a positive deviation while some would have a negative deviation. But, when we use tracking signal, first of all a positive tracking signal would mean that there is more demand, a negative tracking signal would mean that the forecasted values are bigger, therefore a tracking signal of 0, would represent the best forecast when we consider tracking signal times MADm since it would make use of values at every stage , not just the final value.
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Which of these forecasts is the BEST? The one with a MAD of
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Calculate MAD and fill out table for the forecast:
A forecasting method resulted in the following forecasts shown by the data in the following table a) Use the data to calculate the MAD for this forecast. Use the regression equation (given below) to forecast demand for period 11. And calculate the MAD for this regression method Is the regression method preferred over the method used? Why or why not? b) c) PeriodDemand Forecast A-F 54 48 68 36 68 45...
please i need asap
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