Question: Do not include anything other than numbers in your responses. For example, do not comma or dollar sign in your numbers. As a rule

Do not include anything other than numbers in your responses. For example,

Do not include anything other than numbers in your responses. For example, do not comma or dollar sign in your numbers. As a rule of thumb, keep 2 decimal places for numbers and 3 decimal places for smaller numbers less than 1. Consider the following data. We want to monitor the forecasts. Period Demand Forecasts 1 264 -- 2 256 264 3 287 256 4 285 287 5 320 285 Calculate the UCL and LCL for the appropriate control chart to control magnitude of Calculate the cumulative error, MAD, and tracking signals of periods 2 through 5 and the forecasts are biased. Keep two decimal places in your calculations. Period Errors Cumulative Errors MADS 1 2 Tracking Signals 3 4 5 Are forecast errors biased? (Yes/No) yes

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