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.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...
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