Question

The manager of a travel agency has been using a seasonally adjusted forecast to predict demand...

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
1 135 113
2 195 200
3 155 150
4 90 102
5 85 80
6 130 135
7 125 128
8 130 124
9 95 109
10 150 150
11 105 94
12 90 80
13 125 140
14 135 128

     

a. Compute MAD for the fifth period, then update it period by period using exponential smoothing with ? = .05. (Round your intermediate calculations and final answers to 3 decimal places.)

t
Period
A
Demand
MADt
1 135
2 195
3 155
4 90
5 85
6 130
7 125
8 130
9 95
10 150
11 105
12 90
13 125
14 135

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
Period
A
Demand
Tracking
Signal
1 135
2 195
3 155
4 90
5 85
6 130
7 125
8 130
9 95
10 150
11 105
12 90
13 125
14 135

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