A forecasting technique consistently produces a negative tracking signal. This means that the forecasting technique consistently underpredicts.
A monitoring sign (T.S.) is a tool used to continually monitor the quality of our forecasting approach as we develop through time. A monitoring signal cost is calculated each duration and a dedication is made as to whether or not it falls into an appropriate range.
In records and management technology, a tracking signal monitors any forecasts that have been made in contrast with actuals and warn when there are surprising departures of the results from the forecasts. Forecasts can relate to sales, inventory, or anything touching on an employer's destiny demand.
A monitoring signal is an automatic indication of the version of the real forecasts on the subject of income, inventory, or something bearing on an employer's future call for. It monitors and warns when there are unexpected departures of the results from the forecasts.
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