Question: A particular forecasting model was used to forecast a six - month period. Here are the forecasts and actual demands that resulted: FORECAST ACTUAL April

A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted:
FORECAST ACTUAL
April 248348
May 322472
June 397497
July 347297
August 372272
September 445570
Find the tracking signal for each month.
Note: Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.
Is the model being used giving acceptable answers?
multiple choice

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!