Problem 6 & 7 Business Management
t.erins2t
problem_6.xlsxProblem 6 Answer
| Problem 6 - Based on the data provided in the table below is this new forecasting technique biased? If so how is it biased? Calculate tracking signal values. Is there any evidence this New Forecast should not be used? | ||
| Actual | New | |
| Period | Demand | Forecast |
| 1 | 630 | 810 |
| 2 | 765 | 700 |
| 3 | 770 | 700 |
| 4 | 860 | 705 |
| 5 | 910 | 740 |
| 6 | 740 | 810 |
| 7 | 750 | 820 |
| 8 | 815 | 1000 |
| 9 | 1250 | 850 |
| 10 | 1360 | 1285 |
| 11 | 1430 | 1450 |
| 12 | 1200 | 850 |
