Question: Compute the tracking signal for each forecasting method. Do not round intermediate calculations. Round your answers to two decimal places. Use a minus sign to

Compute the tracking signal for each forecasting method. Do not round intermediate calculations. Round your answers to two decimal places. Use a minus sign to enter a negative value, if any. Tracking signal (method 1) : Tracking signal (method 2) : Why is tracking signal important in assessing the performance of a forecasting model? If the tracking signal falls preset control limits, there is a bias problem with the forecasting method. Assuming that the control limit for the tracking signal is \pm 4 , the first forecasting method within the limits and the second forecasting method within the limits. Compute the tracking signal for each forecasting method. Do not round intermediate calculations. Round your answers to two decimal places. Use a minus sign to enter a negative value, if any. Tracking signal (method 1) : Tracking signal (method 2) : Why is tracking signal important in assessing the performance of a forecasting model? If the tracking signal falls preset control limits, there is a bias problem with the forecasting method. Assuming that the control limit for the tracking signal is \pm 4 , the first forecasting method within the limits and the second forecasting method within the limits
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
