Calculate the Tracking Signal to two decimal places.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Period Actual Forecast Error Abs Error
1 35 40 -5 5
2 38 37 1 1
3 45 41 4 4
4 39 43 -4 4
5 44 42 2 2
6 49 45 4 4
7 46 48 -2 2
8 46 48 -2 2
9 52 47 5 5
10 57 52 5 5
         
Sum 451 443 8 34
Average 45.1 44.3 0.8 3.4

 

Calculate the Tracking Signal to two decimal places.

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SOLUTION:


Tracking Signal = 2.35

Hence, the solution of this answer is as below:

 

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