Question

Tracking signal is used in the context of

• A. Quality management
• B. Forecasting
• C. Inventory management
• D. None of the above

Answer 1

Answer:

B. Forecasting

Tracking signal is used to check whether the forecast value is unbiased or not in the context of forecasting. The formula of tracking signal is used to track if the predicted value is within range or not. The range of tracking signal varies from 3 to 8. In this case, the value 9 does not fall in this range.