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The classified department of a monthly magazine has used a combination of quantitative and qualitative methods to forecast sales of advertising space. Results over a
The classified department of a monthly magazine has used a combination of quantitative and qualitative methods to forecast sales of advertising space. Results over a month period are as follows:
MonthError
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a Compute a tracking signal for months through To do so compute an initial value of MAD for month and then update it for each month using exponential smoothing with
Note: Leave no cells blank be certain to enter wherever required. Negative values should be indicated by a minus sign. Round your intermediate calculations and finalanswers to decimal places.
b Using the first half of the data, construct a control chart with s limits
Note: Round your intermediate calculations to decimal places and final answer to decimal places.
b What can you conclude?
multiple choice
Only the error for month is outside of the limits
Only the error for month is outside of the limits
All errors are within these limits
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