Table 1 shows two budget forecasts F1 and F2 for a project. The project contains a set of activity A = {A, B, C, D, E, F, G, H, I}. By using a Tracking Signals Technique, SELECT the best performance of the forecast. Give justification of your proposed SELECTION. Present the analysis by using table and graph. Table 1 [Jadual 1] Activity [Aktiviti] F1 (RM x10°) F2 (RM x10®) Actual cost Forecast cost Actual cost Forecast cost [Kos sebenar] [Kos ramalan] [Kos sebenar] [Kos ramalan] A 95 100 65 100 В 70 65 50 70 70 80 110 80 60 70 40 65 E 85 90 105 80 F 95 100 75 90 G 65 80 60 55 H 110 120 70 120 I 60 70 60 100
Table 1 shows two budget forecasts F1 and F2 for a project. The project contains a set of activity A = {A, B, C, D, E, F, G, H, I}. By using a Tracking Signals Technique, SELECT the best performance of the forecast. Give justification of your proposed SELECTION. Present the analysis by using table and graph. Table 1 [Jadual 1] Activity [Aktiviti] F1 (RM x10°) F2 (RM x10®) Actual cost Forecast cost Actual cost Forecast cost [Kos sebenar] [Kos ramalan] [Kos sebenar] [Kos ramalan] A 95 100 65 100 В 70 65 50 70 70 80 110 80 60 70 40 65 E 85 90 105 80 F 95 100 75 90 G 65 80 60 55 H 110 120 70 120 I 60 70 60 100
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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![Table 1 shows two budget forecasts F1 and F2 for a project. The project contains a set of activity
A = {A, B, C, D, E, F, G, H, I}. By using a Tracking Signals Technique, SELECT the best
performance of the forecast. Give justification of your proposed SELECTION. Present the
analysis by using table and graph.
Table 1
[Jadual 1]
Activity
[Aktiviti]
F1 (RM x10)
F2 (RM x103)
Actual cost
[Kos sebenar]
95
Forecast cost
Actual cost
Forecast cost
[Kos ramalan}
[Kos sebenar]
[Kos ramalan]
A
100
65
100
B
70
65
50
70
C
70
80
110
80
60
70
40
65
E
85
90
105
80
F
95
100
75
90
65
80
60
55
H
110
120
70
120
I
60
70
60
100](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8cc843b6-13ec-430e-8f07-db50ab76f79f%2F93eb5239-d27a-42db-b6a7-a56715e3755c%2Fm9ja1u8_processed.png&w=3840&q=75)
Transcribed Image Text:Table 1 shows two budget forecasts F1 and F2 for a project. The project contains a set of activity
A = {A, B, C, D, E, F, G, H, I}. By using a Tracking Signals Technique, SELECT the best
performance of the forecast. Give justification of your proposed SELECTION. Present the
analysis by using table and graph.
Table 1
[Jadual 1]
Activity
[Aktiviti]
F1 (RM x10)
F2 (RM x103)
Actual cost
[Kos sebenar]
95
Forecast cost
Actual cost
Forecast cost
[Kos ramalan}
[Kos sebenar]
[Kos ramalan]
A
100
65
100
B
70
65
50
70
C
70
80
110
80
60
70
40
65
E
85
90
105
80
F
95
100
75
90
65
80
60
55
H
110
120
70
120
I
60
70
60
100
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