Question: A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted: FORECAST 262 ACTUAL 198 336

A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted: FORECAST 262 ACTUAL 198 336 239 411 321 361 288 386 307 461 381 April May June July August September a. Find the tracking signal for each month. Note: Negative values should be indicated by a minus sign. Round your answers to 2 decimal places. Month April May June July August September Tracking Signal b. Is the model being used giving acceptable answers? O No, the model's performance is poor. OYes, the model's performance is good.
 A particular forecasting model was used to forecast a six-month period.

A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted: a. Find the tracking signal for each month Note: Negative values should be indicated by a minus sign. Round your answers to 2 decimal places. b. Is the model being used giving acceptable answers? 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!