Question 16 0.85 pts Which of the following conclusions can be drawn based on th

Question

Question 16 0.85 pts Which of the following conclusions can be drawn based on the following data? Month Actual Sales Torecast January 70 February 50 10 Harch 20 30 April 50 40 O Tracking signal is 3 so the forecast method does not need to be reviewed OTracking signal is 3 so the forecast method needs to be reviewed O MAD is 20 so the forecast method needs to be reviewed O Tracking signal is 0.3 go the forecast method needs to be reviewed O Tracking signal is 0.3 so the forecast method does not need to be reviewed Previous Next . No new data to save. Last checked at 7:08pm Submit Quiz 9

Explanation / Answer

Answer:- Tracking signal is 3 so the forecast method needs to be reviewed.

Month Forecast Actual Deviation Cumulative error Absolute deviation Sum of Absolute deviation MAD Tracking Signal 1 70 90 20 20 20 20 20.00 1.00 2 10 50 40 60 40 60 30.00 2.00 3 30 20 -10 50 10 70 23.33 2.14 4 40 50 10 60 10 80 20.00 3.00 Tracking Signal = Cumulative error/ MAD MAD= Sum of Absolute deviation/number of weeks As the tracking signal is too large thus the forecast should be considered poor

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