Business, 08.02.2021 18:30 Riplilpeep
A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted:
FORECAST ACTUAL
April 260 210
May 335 260
June 410 332
July 360 310
August 385 335
September 460 403
Required:
a. Find the tracking signal for each month.
b. Is the model being used is giving acceptable answers
1. No, the model's performance is poor.
2. Yes, the model's performance is good.
Answers: 1
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A particular forecasting model was used to forecast a six-month period. Here are the forecasts and a...
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