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comma or dollar sign in your numbers. As a rule of thumb, keep 2 decimal places for larger numbers and 3 decimal places for

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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 61 3 59 61 4 53 68 5 58 65 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. Period Errors 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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