Question: A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted: April May June July August
A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted: April May June July August September Month FORECAST 246 320 395 345 370 445 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.) April May June July August September ACTUAL 196 262 324 300 338 393 Tracking Signal b. Does the model used here give acceptable answers? No, the model's performance is poor.
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. (Negative values thould be indicated by a minus sign. Round your answers to the nearest whole number.) b. Does the model used here give acceptable answers? No, the model's performance is poor
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
