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Forecastins: Measurement

The document summarizes exponential smoothing forecasts of monthly demand units for a manufacturing company from May to December. The initial forecast for May was 105 units with an alpha of 0.2. The absolute percentage error and MAD were calculated for each month from June to December. The MAPE for the forecasts over this period was 29% and the tracking signal value of 2.06 was within the acceptable threshold range of ±3.75, confirming the appropriateness of the exponential smoothing forecasting model.

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Kumar Kartikey
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18 views4 pages

Forecastins: Measurement

The document summarizes exponential smoothing forecasts of monthly demand units for a manufacturing company from May to December. The initial forecast for May was 105 units with an alpha of 0.2. The absolute percentage error and MAD were calculated for each month from June to December. The MAPE for the forecasts over this period was 29% and the tracking signal value of 2.06 was within the acceptable threshold range of ±3.75, confirming the appropriateness of the exponential smoothing forecasting model.

Uploaded by

Kumar Kartikey
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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