What is considered an acceptable range for a tracking signal?
A) ±1
B) ±2
C) ±3
D) ±10

Question

Quizplus · Accepted Answer

A tracking signal is used to monitor forecast accuracy and detect potential forecasting errors. A tracking signal of ±3 or less is considered acceptable, as it indicates that the forecast is within an acceptable range and no significant errors have been detected. A tracking signal outside of ±3 may indicate that the forecast needs to be adjusted or that there are issues with the forecasting process. Therefore, choice C (±3) is the best option.

What Is Considered an Acceptable Range for a Tracking Signal