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: Forecast 2 773 790 793 782 Month 1 2 3 4 5 6 7 8 9 10 Sales 771 790 794 776 772 779 761 774 792 794 Forecast 1 772 788 793 779 774 767 764 772 792 793 776 769 766 774 799 791 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 : 4. Is there blas present? (Do not round your Intermediate calculations. Round your answers to 2 decimal places. Negative amounts should be indicated by a minus sign.) Tracking Signal Forecast Method 1 Method 2 Bias (Click to select v (Click to select v 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

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