menu
bartleby
search
close search
Hit Return to see all results

While monitoring the forecast values in last 5 months, the tracking signals are consistently coming out as large positive numbers (i.e., 5.5, 7.9, 8.5, 9.8, and 10.5). What does this mean?

Question

While monitoring the forecast values in last 5 months, the tracking signals are consistently coming out as large positive numbers (i.e., 5.5, 7.9, 8.5, 9.8, and 10.5). What does this mean?

check_circleAnswer
Step 1

The tracking signal is given the ratio of the cumulative forecast error to the average error and a value of 0 is ideal. Usually the acceptable range for tracking signal...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Our solutions are written by experts, many with advanced degrees, and available 24/7

See Solution
Tagged in

Business

Operations Management

Forecasting Approaches

Related Operations Management Q&A

Find answers to questions asked by student like you

Show more Q&A add
question_answer

Q: The New England produces two cheese spread by blending mild cheddar cheese with extra sharp cheddar ...

A: Consider X and Y represents regular cheese and zesty cheese quantitySo,Sales revenue 

question_answer

Q: Why do senior executives feel more comfortable relying on quantitative data than qualitative data? H...

A: Quantitative data: Quantitative data is the data received as a measure of a performance usually expr...

question_answer

Q: A vending machine dispenses hot chocolate or coffee. Service time is 30 seconds per cup and is const...

A: The service rate µ = 1 / 0.5 cups per min i.e. 2 or 120 cups per hour.The arrival rate λ = 76 cups p...

question_answer

Q: Miguel has a product with an annual holding cost percentage of 20%, an ordering cost of $110 per ord...

A: The following table shows that calculation of optimal order quantity and total cost:

question_answer

Q: Most experts believe that an ERP system, with all the advantages it offers, also has drawbacks, such...

A: Through ERP systems have on top of mentioned drawbacks however the advantage it gives to the organiz...

question_answer

Q: What is the link between "disruptive innovations" and SCAs?

A: Click to see the answer

question_answer

Q: Grafton Metalworks Company produces metal alloys from six different ores it mines. The company has a...

A: Linear programming:It is a mathematical modelling method in which a linear function is maximized or ...

question_answer

Q: Define political behavior and explain its features. What are positive and negative aspects of politi...

A: Political behavior:Political behavior in an organization is the natural part, which would influence ...

question_answer

Q: not certain how to calculate because it says each item sells for 17,000. also, I wouldnt be sure whi...

A: Given information:Location A has annual fixed cost =$800,000Variable cost=$14000per unitLocation B h...

Sorry about that. What wasn’t helpful?