Finance The Dominguez Hills Company has the following forecasts generated by two forecasting methods. Actual sales for the same time periods are shown below:YEAR1SALES850FORECAST 1 FORECAST 28338432850869876384585887049059219105845842827689086490278158057958835821846Compute the tracking signal for each forecasting method. Do not round intermediate calculations. Round your answers to two decimal places. Use a minus sign to enter a negative value, if any.Tracking signal (method 1):Tracking signal (method 2):Why is tracking signal important in assessing the performance of a forecasting model?If the tracking signal falls -Select-preset control limits, there is a bias problem with the forecasting method.Assuming that the control limit for the tracking signal is ±4, the first forecasting method -Select- within the limits and the second forecasting method -Select- within the limits.

The data for the forecasts generated by two forecasting methods is given.

Answered: The Dominguez Hills Company has the…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.6: Summarizing Categorical Data

Problem 23PPS

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