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 | 268 | -- |
| 2 | 259 | 268 |
| 3 | 291 | 259 |
| 4 | 285 | 291 |
| 5 | 305 | 285 |
Calculate the UCL and LCL for the appropriate control chart to control magnitude of errors? Overall MSE: _____ UCL: ______ LCL: ______ Are forecast errors in control? (Yes/No) _____
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