Question: Problem 671607: Do not include anything other than numbers in your responses. For example, do not include comma or dollar sign in your numbers. As

Problem 671607: Do not include anything other

Problem 671607: 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 52 2 62 63 3 59 67 4 5 53 58 61 69 We want to calculate the UCL and the LCL for the appropriate control chart to monitor the magnitute of errors. Answer the following related questions: Below fill in the blanks (errors of periods 2 through 5). Keep two decimal places in your calculations. PeriodErrors 1 2 3 4 5 Calculate the overall MSE to determine if the errors of the forecasts are in control. overall MSE: UCL for the control chart? LCL for the control chart? Based on your control chart, are the forecasts in control? (Yes/No)

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