Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A particular forecasting model was used to forecast a six - month period. Here are the forecasts and actual demands that resulted: FORECAST ACTUAL April
A particular forecasting model was used to forecast a sixmonth period. Here are the forecasts and actual demands that resulted:
FORECAST ACTUAL
April
May
June
July
August
September
Find the tracking signal for each month.
Note: Negative values should be indicated by a minus sign. Round your answers to decimal places.
Is the model being used giving acceptable answers?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started