A forecast tracking signal is used to determine:
A) If the product has shipped on time
B) The location of the current shipment
C) The price to charge for the product
D) If the forecast bias is within the acceptable control limits

Question

Quizplus · Accepted Answer

A forecast tracking signal is used to determine if the forecast bias is within the acceptable control limits. It helps to identify if the forecast is consistently overestimating or underestimating the actual demand. This information can be used to adjust the forecast and improve the accuracy of future predictions. The other options listed (shipping time, shipment location, and pricing) are not directly related to a forecast tracking signal.

A Forecast Tracking Signal Is Used to Determine