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T20-05 Forecast Control Limit Calculations

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. Forecast Control Chart.

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T20-05 Forecast Control Limit Calculations

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  1. 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

  2. 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

  3. Example Calculate the LCL and UCL for a forecast control chart when the MSE is 7.39.

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

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