Question: Problem 18-18 (Algo) A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted: FORECAST ACTUAL

Problem 18-18 (Algo)

A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted:

FORECAST ACTUAL

Jan 250 200

FEB 325 252

MAR 400 330

APRIL 350 300

MAY 375 335

JUNE 450 410

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.)

b.Does the model used here give acceptable answers?

multiple choice

  • No, the model's performance is poor.
  • Yes, the model's performance is good.

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