Tracking Signal
A measurement that indicates whether the forecast average is keeping pace with any genuine upward or downward changes in demand. It monitors the forecast to see if it is biased high or low. Calculated as [Σ N observations (Demand of X periods - Forecast of X periods)] / [Σ N observations (Abs(Demand of X periods - Forecast of X periods))]
The range is [-1, 1]
A Tracking Signal value closer to zero indicates an accurate forecast.
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