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 248 198
A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted: FORECAST ACTUAL April 248 198 May 322 260 June 397 334 July 347 298 August 372 336 September 447 397 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.
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