Question: Problem 3-29 Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months. The forecasts and

Problem 3-29 Two independent methods of
Problem 3-29 Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months. The forecasts and actual sales are as follows Month Forecast 1 Forecast Sales 771 790 mo ANO OD 1000 DO NU O a. Compute a tracking signal for the 10th month for each forecast using the cumulative error for months 1 to 10. Use action limits of t 4. Is there bias present? (Do not round your intermediate calculations. Round your answers to 2 decimal places. Negative amounts should be indicated by a minus sign.) Forecast Method 1 Method 2 Tracking Signal Bias (Click to select) (Click to select) b. Compute 2s control limits for each forecast. (Do not round your intermediate calculations. Round your answers to 2 decimal places.) Control Limits Forecast Method 1 Method 2 O

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