A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted: FORECASTACTUALApril250200May325250June400325July350300August375325September450400Find the tracking signal for each month.Note: Negative values should be indicated by a minus sign. Round your answers to 2 decimal places. Is the model being used giving acceptable answers?multiple choiceYes, the model's performance is good.No, the model's performance is poor.

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Answered: A particular forecasting model was used…

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted:

Find the tracking signal for each month.

Note: Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.
Is the model being used giving acceptable answers?

multiple choice
- Yes, the model's performance is good.
- No, the model's performance is poor.