The department at a local department store has tracked the sales of a product over the last ten weeks. Forecast demand using exponential smoothing with an alpha of 0.3, and an initial forecast of 30.0 for period 1. a. Calculate the MAD covering periods 2-10. b. Calculate the tracking signal covering periods 2-10. c. What do you recommend? Period (t) Demand (At) 1 24 2 23 3 26 4 36 5 26 6 30 7 32 8 26 9 25 10 28
The department at a local department store has tracked the sales of a product over the last ten weeks. Forecast demand using exponential smoothing with an alpha of 0.3, and an initial forecast of 30.0 for period 1. a. Calculate the MAD covering periods 2-10. b. Calculate the tracking signal covering periods 2-10. c. What do you recommend? Period (t) Demand (At) 1 24 2 23 3 26 4 36 5 26 6 30 7 32 8 26 9 25 10 28
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
The department at a local department store has tracked the sales of a product over the last ten weeks.
a. Calculate the MAD covering periods 2-10.
b. Calculate the tracking signal covering periods 2-10.
c. What do you recommend?
|
Period (t) |
Demand (At) |
|
1 |
24 |
|
2 |
23 |
|
3 |
26 |
|
4 |
36 |
|
5 |
26 |
|
6 |
30 |
|
7 |
32 |
|
8 |
26 |
|
9 |
25 |
|
10 |
28 |
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