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The tracking signal is defined as TS = SUM (Actual - Forecast) / MAD. You want to monitor the quality of a forecasting model by
- The tracking signal is defined as TS = SUM (Actual - Forecast) / MAD. You want to monitor the quality of a forecasting model by calculating the tracking signal. The tracking signals are calculated as below. What does this mean?
| Week | Tracking signal |
| 1 | 1.1 |
| 2 | 2.1 |
| 3 | 4.5 |
| 4 | 3.8 |
| 5 | 5.2 |
| 6 | 6.4 |
| 7 | 6.7 |
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Quantitative Methods For Business
Authors: Donald Waters
5th Edition
273739476, 978-0273739470
