After using your forecasting model for six months, you decide to test it using a tracking signal. Here are the forecast and actual demands for the six-month period: PERIOD FORECAST ACTUAL May 420 465 June 470 560 July 525 365 August 575 460 September 620 670 October 725 595 Find the tracking signal. Note: Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.
After using your forecasting model for six months, you decide to test it using a tracking signal. Here are the forecast and actual demands for the six-month period: PERIOD FORECAST ACTUAL May 420 465 June 470 560 July 525 365 August 575 460 September 620 670 October 725 595 Find the tracking signal. Note: Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section: Chapter Questions
Problem 42P: The file P13_42.xlsx contains monthly data on consumer revolving credit (in millions of dollars)...
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After using your
PERIOD | FORECAST | ACTUAL |
---|---|---|
May | 420 | 465 |
June | 470 | 560 |
July | 525 | 365 |
August | 575 | 460 |
September | 620 | 670 |
October | 725 | 595 |
Find the tracking signal.
Note: Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.
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