Question: A forecasting method has produced the following over the past five months. What is the tracking signal at the end of period 5? Period Actual
A forecasting method has produced the following over the past five months. What is the tracking signal at the end of period 5?
| Period | Actual | Forecast |
| 1 | 18 | 15 |
| 2 | 12 | 17 |
| 3 | 20 | 15 |
| 4 | 15 | 18 |
| 5 | 14 | 16 |
| 1.36 | ||
| -0.40 | ||
| 2.00 | ||
| 3.60 | ||
| -0.56 |
John's House of Pancakes uses a 3-month weighted moving average method to forecast pancake sales. It assigns a weight of 0.5 to the previous month's demand, 0.3 to demand two months ago, and 0.2 to demand three months ago. If sales amounted to 2700 pancakes in May, 2200 pancakes in June, and 1000 pancakes in July, what should be the forecast for August?
| 1,967 | ||
| 1,700 | ||
| 1,622 | ||
| 2,511 | ||
| 567 |
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