Question: Problem 515805: Do not include anything other than numbers in your responses. For example, do not include comma or dollar sign in your numbers. As

Problem 515805: Do not include anything other

Problem 515805: Do not include anything other than numbers in your responses. For example, do not include comma or dollar sign in your numbers. As 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 276 247 276 247 297 284 310 297 284 5 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 Are forecast errors biased? (Yes/No)

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