Question: The tracking signal is defined as TS = SUM (Actual Forecast) / MAD. You want to monitor the quality of a forecasting model by calculating

  1. The tracking signal is defined as TS = SUM (Actual Forecast) / MAD. You want to monitor the quality of a forecasting model by calculating the tracking signal. The tracking signals are calculated as below. What does this mean?

Week

Tracking signal

1

-1.5

2

-2.4

3

-5.5

4

-4.0

5

-6.2

6

-7.4

7

-7.9

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