Consider the following data. We want to monitor the forecasts. Period Demand Forecasts 1 234 5...

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Consider the following data. We want to monitor the forecasts. Period Demand Forecasts 1 234 5 Also, we want to monitor the forecasts using tracking signals with control limits of ±4 MADs. Answer the following related questions: Below fill in the blanks (cumulative errors, MADs, and tracking signals of periods 3, 4 and 5). Keep two decimal places in your calculations. | 52 62 59 53 58 Also, we want to monitor the forecasts using tracking signals with control limits of ±4 MADS. Answer the following related questions: Below fill in the blanks (cumulative errors, MADs, and tracking signals of periods 3, 4 and 5). Keep two decimal places in your calculations. 23 59 67 64 62 Period Cumulate Errors MADS 1 4 5 Tracking Signals Based on tracking signals of period 4 and 5, are the forecasts biased? (Yes/No) Consider the following data. We want to monitor the forecasts. Period Demand Forecasts 1 234 5 Also, we want to monitor the forecasts using tracking signals with control limits of ±4 MADs. Answer the following related questions: Below fill in the blanks (cumulative errors, MADs, and tracking signals of periods 3, 4 and 5). Keep two decimal places in your calculations. | 52 62 59 53 58 Also, we want to monitor the forecasts using tracking signals with control limits of ±4 MADS. Answer the following related questions: Below fill in the blanks (cumulative errors, MADs, and tracking signals of periods 3, 4 and 5). Keep two decimal places in your calculations. 23 59 67 64 62 Period Cumulate Errors MADS 1 4 5 Tracking Signals Based on tracking signals of period 4 and 5, are the forecasts biased? (Yes/No)

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SOLUTION To calculate the cumulative errors MADS Mean Absolute Deviation and tracking signals for pe... View the full answer