Do not include anything other than numbers in your responses. For example, do not include comma or dollar sign in your numbers. As a rule of thumb, keep 2 decimal places for larger numbers and 3 decimal places for smaller numbers less than 1. Consider the following data. We want to monitor the forecasts. Period Demand Forecasts 1 52 2 62 59 53 58 3 4 5 Also, we want to monitor the forecasts using tracking signals with control limits of ±4 MADS. Answer the following related questions: Below fill in the blanks (cumulative errors, MADs, and tracking signals of periods 3, 4 and 5). Keep two decimal places in your calculations. 4 -- Period Cumulate Errors 1 2 3 LO 59 62 61 69 5 MADS Tracking Signals Based on tracking signals of period 4 and 5, are the forecasts biased? (Yes/No)

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter9: Solving Quadratic Functions
Section: Chapter Questions
Problem 4CA
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Question
Do not include anything other than numbers in your responses. For example, do not include
comma or dollar sign in your numbers. As a rule of thumb, keep 2 decimal places for larger
numbers and 3 decimal places for smaller numbers less than 1.
Consider the following data. We want to monitor the forecasts.
Period Demand Forecasts
1
2
3
4
5
52
62
59
53
58
Also, we want to monitor the forecasts using tracking signals with control limits of ±4
MADS.
Answer the following related questions:
Below fill in the blanks (cumulative errors, MADs, and tracking signals of periods 3, 4 and 5).
Keep two decimal places in your calculations.
A
59
62
61
69
Period Cumulate Errors
1
2
3
5
MADS
Tracking Signals
Based on tracking signals of period 4 and 5, are the forecasts biased? (Yes/No)
Transcribed Image Text:Do not include anything other than numbers in your responses. For example, do not include comma or dollar sign in your numbers. As a rule of thumb, keep 2 decimal places for larger numbers and 3 decimal places for smaller numbers less than 1. Consider the following data. We want to monitor the forecasts. Period Demand Forecasts 1 2 3 4 5 52 62 59 53 58 Also, we want to monitor the forecasts using tracking signals with control limits of ±4 MADS. Answer the following related questions: Below fill in the blanks (cumulative errors, MADs, and tracking signals of periods 3, 4 and 5). Keep two decimal places in your calculations. A 59 62 61 69 Period Cumulate Errors 1 2 3 5 MADS Tracking Signals Based on tracking signals of period 4 and 5, are the forecasts biased? (Yes/No)
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