Reference no: EM13961059
The following represents the actual demand and judgmental forecasts developed by two managers for the past 10 weeks.
Week 1 forecast demand 4500 actual demand 4000
Week 2 forecast demand 5000 actual demand 4200
Week 3 forecast demand 4000 actual demand 4200
Week 4 forecast demand 3800 actual demand 3000
Week 5 forecast demand 3600 actual demand 3800
Week 6 forecast demand 4000 actual demand 5000
Week 7 forecast demand 5000 actual demand 5600
Week 8 forecast demand 4800 actual demand 4400
Week 9 forecast demand 4000 actual demand 5000
Week 10 forecast demand 5000 actual demand 4800
Use the concept of a tracking signal to determine whether the judgemental forecasting system is performing satisfactorily.
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Judgemental forecasting system is performing satisfactorily
: The following represents the actual demand and judgmental forecasts developed by two managers for the past 10 weeks. Use the concept of a tracking signal to determine whether the judgemental forecasting system is performing satisfactorily.
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