T20-05 - 1 T20-05 Forecast Control Limit Calculations Purpose Allows the analyst to calculate the “Forecast Control Chart” 3-sigma control limits based.

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Presentation transcript:

T T20-05 Forecast Control Limit Calculations Purpose Allows the analyst to calculate the “Forecast Control Chart” 3-sigma control limits based on the MSE.. Inputs MSE Outputs Forecast Control Chart LCL & UCL

T Forecast Control Chart The Forecast Control Chart is used to monitor the forecast accuracy of a forecasting methodology. The Forecast Control Chart formula for the centerline, LCL and UCL are

T Calculate the LCL and UCL for a forecast control chart when the MSE is Example

T Input the MSE in the light green cell The LCL, UCL are automatically calculated

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