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 250200
May 324256
June 399326
July 349300
August 375338
September 449412
a. Find the tracking signal for each month. (Negative values should be indicated by a minus sign. Round your answers to the nearest whole number.)
b. Does the model used here give acceptable answers?
multiple choice
No, the model's performance is poor.
Yes, the model's performance is good.

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!