Question
Problem 18-18 (Algo) A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted: FORECAST ACTUAL
Problem 18-18 (Algo)
A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted:
FORECAST ACTUAL
Jan 250 200
FEB 325 252
MAR 400 330
APRIL 350 300
MAY 375 335
JUNE 450 410
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.)
b.Does the model used here give acceptable answers?
multiple choice
- No, the model's performance is poor.
- Yes, the model's performance is good.
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
5th Edition
126078035X, 978-1260780352
