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The manager of a travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. The actual and predicted values are as follows: Period Demand Predicted 1 136 113 2 196 200 3 156 150 4 91 102 5 86 80 6 131 135 7 126 128 8 129 124 9 94 109 10 149 150 11 104 94 12 89 80 13 124 140 14 134 128 Click here for the Excel Data File a. Compute MAD for the fifth period, then update it period by period using exponential smoothing with a = .05. (Round your intermediate calculations and final answers to 3 decimal places.) t Period MADt 1 2 3 4 5 6 7 8 9 10 11 12 13 14

The manager of a travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. The actual and predicted values are as follows: Period Demand Predicted 1 136 113 2 196 200 3 156 150 4 91 102 5 86 80 6 131 135 7 126 128 8 129 124 9 94 109 10 149 150 11 104 94 12 89 80 13 124 140 14 134 128 Click here for the Excel Data File a. Compute MAD for the fifth period, then update it period by period using exponential smoothing with a = .05. (Round your intermediate calculations and final answers to 3 decimal places.) t Period MADt 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Practical Management Science
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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please answer all parts of the question within 30 minutes with detailed explanation. Make sure calculation form part of the answer and are in details for better understanding. If calculations are not shown or are poorly done i will surely give negative ratings.
The manager of a travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. The actual and predicted values are as follows: Period Demand Predicted 1 136 113 2 196 200 3 156 150 4 91 102 5 86 80 6 131 135 7 126 128 129 124 94 109 10 149 150 11 104 94 12 89 80 13 124 140 14 134 128 Click here for the Excel Data File a. Compute MAD for the fifth period, then update it period by period using exponential smoothing with a = .05. (Round your intermediate calculations and final answers to 3 decimal places.) t Period MADt 1 2 3 4 5 6 7 8 9 10 11 12 13 14 8 9
Transcribed Image Text:The manager of a travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. The actual and predicted values are as follows: Period Demand Predicted 1 136 113 2 196 200 3 156 150 4 91 102 5 86 80 6 131 135 7 126 128 129 124 94 109 10 149 150 11 104 94 12 89 80 13 124 140 14 134 128 Click here for the Excel Data File a. Compute MAD for the fifth period, then update it period by period using exponential smoothing with a = .05. (Round your intermediate calculations and final answers to 3 decimal places.) t Period MADt 1 2 3 4 5 6 7 8 9 10 11 12 13 14 8 9
b. Compute a tracking signal for periods 5 through 14 using the initial and updated MADs. (Negative values should be indicated by a minus sign. Round your intermediate calculations and final answers to 3 decimal places.) t Tracking Signal Period 1 2 3 4 5 5 6 7 8 9 10 11 12 13 14
Transcribed Image Text:b. Compute a tracking signal for periods 5 through 14 using the initial and updated MADs. (Negative values should be indicated by a minus sign. Round your intermediate calculations and final answers to 3 decimal places.) t Tracking Signal Period 1 2 3 4 5 5 6 7 8 9 10 11 12 13 14
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