Mean absolute deviation and running sum of forecast errors

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Reference no: EM131780312

The following table shows predicted product demand using your particular forecasting method along with the actual demand that occurred: FORECAST ACTUAL 1,496 1,546 1,396 1,490 1,695 1,596 1,745 1,645 1,795 1,695 a. Compute the tracking signal using the mean absolute deviation and running sum of forecast errors. (Negative values should be indicated by a minus sign. Round your "Mean Absolute Deviation", "Tracking Signal" to 2 decimal places and all other answers to the nearest whole number.)

Reference no: EM131780312

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