A particular forecasting model was used to forecast a six-month period. Here are the forecasts and...
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A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted: ACTUAL 195 FORECAST April 244 May 318 254 June 393 338 July August September 343 296 368 334 443 403 a. Find the tracking signal for each month. (Negative values should be indicated by a minus sign. Round your answers to the nearest whole number.) Month Tracking Signal April May June July August September b. Does the model used here give acceptable answers? No, the model's performance is poor. Yes, the model's performance is good. A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted: ACTUAL 195 FORECAST April 244 May 318 254 June 393 338 July August September 343 296 368 334 443 403 a. Find the tracking signal for each month. (Negative values should be indicated by a minus sign. Round your answers to the nearest whole number.) Month Tracking Signal April May June July August September b. Does the model used here give acceptable answers? No, the model's performance is poor. Yes, the model's performance is good.
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To calculate the tracking signal for each month we need to find the difference between the forecaste... View the full answer
Related Book For
Operations and Supply Chain Management
ISBN: 978-0078024023
14th edition
Authors: F. Robert Jacobs, Richard Chase
Posted Date:
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