1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vedmedyk [2.9K]
3 years ago
8

A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted:

FORECAST ACTUAL April 256 206 May 328 252 June 403 330 July 353 305 August 378 324 September 452 395 a. Find the tracking signal for each month. (Negative values should be indicated by a minus sign. Round your answers to the nearest whole number.) b. Is the model being used is giving acceptable answers. No, the model's performance is poor. Yes, the model's performance is good.
Business
1 answer:
babymother [125]3 years ago
8 0

Answer:

Explanation:

FORECAST ACTUAL

April 256 206

May 328 252

June 403 330

July 353 305

August 378 324

September 452 395

April Forecast Accuracy = 206/256 = 80.5%

May Forecast Accuracy = 252/328 = 76.8%

June Forecast Accuracy = 330/403 = 81.9%

July Forecast Accuracy = 305/353 = 86.4%

August Forecast Accuracy = 324/378 = 85.7%

September Forecast Accuracy = 395/452 = 87.4%

B. The Model needs to be changed, as it delivers below 100% month on Month.

The Business is over forecasting consistently and need to change the Model immediately to reflect the right forecasts for the next 6 months.

You might be interested in
You purchased 100 shares of stock value at $55 per share. The stock value increases to $85 per share what was the rate of increa
Andrews [41]

Answer:

54.55%

Explanation:

The purchasing price is $55

Price has increased to $85.

The monetary increase = $85 - $55 = $30

As a percentage , the increase will be

=$30/$55 x 100

=0.545454 x 100

=54.5454%

=54.55%

3 0
3 years ago
A good example of ___________________ is a real estate business that shares data on new home purchases between the unit that sel
Ghella [55]
<span>A good example of a market data approach is a real estate business that shares data on new home purchases between the unit that sells insurance for the home and the business unit that sold the home. A market data approach allows businesses to find and sell to consumers that fit the description of their products. They can read market data that is collected from one agency and use it to sell them their product as well because they are hand in hand products. </span>
5 0
3 years ago
The capital structure of Merritt Co. is 20% common equity and debt equal to 80%. The cost of common equity is 10% and the pretax
olchik [2.2K]

Answer:69

Explanation:

7 0
3 years ago
An economy that maximizes its scarce resources and can deliver the right goods in the right quantity to the right people at the
AlekseyPX

Answer: Efficiency.

Explanation:

An economy is said to be efficient if the economy is able to make the best use of the available resources found in that economy, in meeting the needs of consumers within the economy and even exporting to consumers found in other economies.

7 0
3 years ago
Which of the following statements is true regarding variable costing?Multiple Choice
pentagon [3]

Answer:

a

Explanation:

8 0
3 years ago
Read 2 more answers
Other questions:
  • What is APPLE target market?
    11·1 answer
  • A man wants to add a swimming pool and spa to his single-family home. He asked an appraiser to determine whether the new improve
    13·1 answer
  • Changing business process usually does not have effects on information technology.
    9·1 answer
  • Q has a traditional whole life policy with a $10,000 face amount, a $5,000 cash value, and a $4,999 policy loan and loan interes
    7·1 answer
  • Karen doesn’t like driving to the local bank branch, but doesn’t think that it is secure to do financial transactions on her pho
    7·2 answers
  • Flint Inc. issued $3,790,000 of 10%, 10-year convertible bonds on June 1, 2020, at 99 plus accrued interest. The bonds were date
    14·1 answer
  • [Related to Solved Problem​ 3.1B] In​ 2015, the Washington Nationals baseball team signed pitcher Max Scherzer to a contract to
    6·1 answer
  • Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Stan
    5·1 answer
  • Hammerhead Inc. uses practical capacity as the denominator to set the cost of supplying capacity and for the current period the
    7·1 answer
  • a building rents for $32 per square foot with an index of 1.6. the index increases to 1.9. what is the adjusted rental rate?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!