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 sixmonth period. Here are the forecasts and actual demands that resulted:
FORECAST ACTUAL
April
May
June
July
August
September
Find the tracking signal for each month.
Note: Negative values should be indicated by a minus sign. Round your answers to decimal places.
Is the model being used giving acceptable answers?
multiple choice
No the model's performance is poor.
Yes, the model's performance is good.
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