Jim's 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. Calculate the MAD covering periods 2-10. Calculate the tracking signal covering periods 2-10. What do you recommend?
Definitions:
Adaptation
The process by which living organisms adjust to their environment in order to survive and thrive, also applicable to psychological and social adjustments by individuals.
Information Consumption
The process of acquiring, processing, and understanding information from various sources, including media, books, and online content.
Positioning Strategy
A marketing strategy that aims to establish a brand or product in a certain position within the market to attract a specific target audience.
Market Segmentation
The process of dividing a target market into smaller, more defined categories based on various characteristics, such as demographics, psychographics, or behavior.
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