After using your forecasting model for six months, you decide to test it using a tracking signal. Here are demands for the six-month period: PERIOD May June July August September. October FORECAST 450 500 550 590 635 715 ACTUAL 480 560 380 465 650 610 Find the tracking signal. Note: Negative values should be indicated by a minus sign. Round your answers to 2 decimal places

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 actual
demands for the six-month period:
PERIOD
May
June
July
August
September
October
Period
FORECAST
450
500
550
590
635
715
Find the tracking signal.
Note: Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.
May
June
July
August
September
October
ACTUAL
480
560
380
465
650
610
Tracking Signal
Transcribed Image Text: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 actual demands for the six-month period: PERIOD May June July August September October Period FORECAST 450 500 550 590 635 715 Find the tracking signal. Note: Negative values should be indicated by a minus sign. Round your answers to 2 decimal places. May June July August September October ACTUAL 480 560 380 465 650 610 Tracking Signal
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