Compare the forecasts using mad also decide which is bes

Assignment Help Operation Management
Reference no: EM1375301

Q. The subsequent data are monthly sales of jeans at a local department store. The buyer would like to forecast sales of jeans for the next month, July.

a) Forecast sales of jeans for March through June using the naïve method, a two-period moving average also exponential smoothing with an ?= .02. (Hint: Use naïve to start the exponential smoothing process.)

b) Compare the forecasts using MAD also decide which is best.

c) Using your method of choice, make a forecast for the month of July.

Reference no: EM1375301

Questions Cloud

Amounts related to deferred taxes : The income tax rate is 40%. Vermont would report the subsequent amounts related to deferred taxes on its year end 31st December, 2012 balance sheet :
Illustrate what sigma levels do these values correspond : Compute the average demo for each of the three categories of medication errors. To illustrate what sigma levels do these values correspond.
After tax net loss reported by maine : The after tax net loss reported by Maine on its year end 31st December, 2012 income statement
Calculate the unemployment rate : Assume that nominal GDP in 2005 was $12 trillion and in 2006 it was $14 trillion. The general price index in 2005 was 100 and in 2006 it was 104.
Compare the forecasts using mad also decide which is bes : Forecast sales of jeans for March through June using the naïve method, a two-period moving average also exponential smoothing with an ?= .02. Compare the forecasts using MAD also decide which is best.
Determine income tax expense reported by ohio : Ohio Corp. reported a deferred tax liability of $6,000,000 for year ended 31st December, 2012, when the tax rate was 40%. The deferred tax liability was related to a brief difference of $15,000,000 caused by an installment sale in 2012.
Fill the journal entries needed on the books : Create the journal entries needed on the books of Seminole Company to record the subsequent. (Round answers to 0 decimal places, e.g. $38,548. Credit account titles are automatically indented when amount is entered.
Describe absolute and comparative advantage : Suppose that with a given unit of labour, India can manufacture 40 basketball hoops or 60 basketballs and Nepal can manufacture 10 basketball hoops or 30 basketballs.
Human resource outsourcing : The outsourcing of human resources becomes an important part of United States companies in recent years. How would you describe this in relation to company's profit maximization target?

Reviews

Write a Review

 

Operation Management Questions & Answers

  Calculate the economic production quantity

Compute the economic production quantity. Compute the annual minimum total cost. How many working days does each production run take? What is the level of maximum inventory? What is the cycle time.

  Illustrate what conflict resolution strategies have

Illustrate what or direct and indirect conflict management techniques did mulally employ. Drawing examples from your own work and personal experience, illustrate what conflict resolution strategies have you employed. Which 1s have you seen be succ..

  Identify techniques you can implement to improve likelihood

Identify what techniques you can implement to improve the likelihood that your communications will be received and understood as you intended.

  Formulate the linear programming problem to maximize profit

The maximum amount available of the "Other" ingredients is 125 tons. The cement sells for $60 per ton. The organization needs to maximize its profit. Formulate the linear programming problem to maximize the profit.

  Discuss what categories of swot elements of information

Discuss what categories of SWOT elements of information are readily available on Internet. Illustrate what categories of data are difficult or impossible to find out on Internet.

  Illustrate what impact will new food court have pizza

Illustrate what impact will new food court have on Kershaw's pizza operations. Illustrate what competitive priorities might she choose to focus on now.

  Elucidate what happens to the system over time

Suppose which instead of a faucet, a 5 gallon container is used for filling the bathtub (Suppose it's full also next to the tub to begin with), it takes 2 hours to refill the container also return it to the bathtub. Elucidate what happens to the ..

  What is the percentage change in the productivity from april

In April the store also had seven part-time workers at 10 hours per week and in May the store had nine part-timers at 15 hours per week. Using sales dollars as the measure output, illustrate what is the percentage change in the productivity from A..

  Explain how operation management role is applied

Define operations management. Explain how operation management's role is applied to your chosen organization.

  Explain why would you need to use linear programming to make

If re were room to park only 2 boats at top of ramp in preparation for launching, explain how often an arrival would find out insufficient parking space. Explain why would you need to use linear programming to make a decision and not some or financ..

  Illustrate what are some of the key reasons organizations

Illustrate what are some of the key reasons organizations might undertake development process mapping. Explain how might these initiatives be altered by the decision to select and implement an ERP system.

  About explain how many runs per year would there be

About explain how many runs per year would there be. Explain how much could business save annually if setup cost could be reduced to $25 per run.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd