Problem 3-23 (Algo)After using your forecasting model for six months, you decide to test it using a tracking signal. Here are the forecast and actualdemands for the six-month period:PERIODMayJuneJulyAugustSeptemberOctoberPeriodFORECAST450500550590635715Find the tracking signal.Note: Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.MayJuneJulyAugustSeptemberOctoberACTUAL480560380465650610Tracking Signal

Tracking = Running sum of the errors of forecast/Mean absolute deviation

Answered: After using your forecasting model for…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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