Question: The tracking signal (TS) values for 10 forecasts are given below. Is the forecasting model predicting the actual demand well, assuming the acceptance range is

The tracking signal (TS) values for 10 forecasts are given below. Is the forecasting model predicting the actual demand well, assuming the acceptance range is 4?

TS

TS

1

1.25

6

2.23

2

2.75

7

-4.41

3

-3.00

8

3.90

4

3.33

9

1.01

5

1.90

10

-1.52

No, because some values are less than 0

Yes, because all positive values fall within the range

Yes, because most of values fall within the range

No, because one of the values falls outside the range(-4,+4)

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