### Calculate measurement error using mse and mad

Assignment Help Operation Management
##### Reference no: EM13850223

Forecasting Methods

Calculate and answer parts a through d. Include all calculations and spreadsheets in your post. Explain why the moving average method was used instead of another forecasting method. What might be another forecasting method that could prove to be just as useful?

The figures below indicate the number of mergers that took place in the savings and loan industry over a 12-year period.

Year    Mergers      Year                         Mergers

2000      46            2006                            83

2001      46            2007                            123

2002      62            2008                             97

2003    45             2009                            186

2004    64             2010                            225

2005    61              2011                           240

a. Calculate a 5-year moving average to forecast the number of mergers for 2012.

b. Use the moving average technique to determine the forecast for 2005 to 2011. Calculate measurement error using MSE and MAD.

c. Calculate a 5-year weighted moving average to forecast the number of mergers for 2012. Use weights of 0.10, 0.15, 0.20, 0.25, and 0.30, with the most recent year weighted being the largest.

d. Use regression analysis to forecast the number of mergers in 2012.

#### Method for analyzing political feasibility

Choose two state/local/federal healthcare organizations. Then, compare and contrast their political viability in terms of one/more of their health polic(ies). Apply the "me

#### How many books should barnes and noble order

How many books should Barnes & Noble order? What is their expected profit? How many books do they expect to sell at a discount? What is the profit that the publisher makes gi

#### Why is it important for an organization to have a mission

Why is it important for an organization to have a mission? Why is it important for team members to know their roles on a team? Is competition within a team a good or bad thing

#### Find the rate per exposure unit using pure premium method

The chief actuary has assigned you the project of developing rates for liability coverage for their new classic and antique car liability coverage program.Calculate the rate

#### What would be the lowest combination of insurance

What would be the lowest combination of insurance and reinsurance that would provide one hundred million dollars in coverage. This will be per occurrence only, ignoring any

#### Evaluate the risks involved in process of decision making

Analyse the factors that influence your decision to outsource or to remain in-house using the 5 Performance objectives. Evaluate the risks involved in the process of decision

#### Establishing an effective electrical safety program

Explain five strategies for establishing an effective electrical safety program. What are some additional electrical safety program requirements for protection of workers whom

#### The text lists ten accident investigation mistakes

The text lists ten accident investigation mistakes to avoid. Pick five of the ten accident investigation mistakes that your course text lists as "mistakes to avoid," and discu