Do not include anything other than numbers in your responses For example, do not include comma or dollar sign in your numbers As a rule of thumb, keep 2 decimal places for larger 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 2 257 264 3 286 257 4 297 286 5 316 297 Calculate the UCL and LCL for the appropriate control chart to control magnitude of errors Calculate the cumulative error, MAD, and tracking signals of periods 2 through 5 and determine if the forecasts are biased Keep two decimal places in your calculations Period Errors Cumulative Errors MADs Tracking Signals 1 2 3 4 5 Are forecast errors biased (Yes No)

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Question: Do not include anything other than numbers in your responses. For example, do not include 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 comma or dollar sign in your numbers. As a rule of thumb, keep 2 decimal places for larger 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	257	264
3	286	257
4	297	286
5	316	297

Calculate the UCL and LCL for the appropriate control chart to control magnitude of errors? Calculate the cumulative error, MAD, and tracking signals of periods 2 through 5 and determine if the forecasts are biased. Keep two decimal places in your calculations .

Period	Errors	Cumulative Errors	MADs	Tracking Signals
1	--	--	--	--
2	...	...	...
3	...	...
4	...
5	...

Are forecast errors biased? (Yes/No)

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