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The following represents the actual demand and judgmental forecasts developed by two managers for the past 10 weeks.

Week 1 forecast demand 4500 actual demand 4000

Week 2 forecast demand 5000 actual demand 4200

Week 3 forecast demand 4000 actual demand 4200

Week 4 forecast demand 3800 actual demand 3000

Week 5 forecast demand 3600 actual demand 3800

Week 6 forecast demand 4000 actual demand 5000

Week 7 forecast demand 5000 actual demand 5600

Week 8 forecast demand 4800 actual demand 4400

Week 9 forecast demand 4000 actual demand 5000

Week 10 forecast demand 5000 actual demand 4800

Use the concept of a tracking signal to determine whether the judgemental forecasting system is performing satisfactorily.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91629088

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