Find the mad for forecast

Assignment Help Operation Management
Reference no: EM13739402

Question 1

The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows.

Year   Mileage
1       3,100
2       4,000
3       3,500
4       4,000
5       3,700

(a) Forecast the mileage for next year using a 2-year moving average. Round your answer to the nearest whole number; for example,1234 .

(b) Find the MAD for your forecast in part (a). Round your answer to the nearest whole number; for example,123 .

(c) Use a weighted 2-year moving average with weights of .4 and .6 to forecast next year's mileage. (The weight of .6 is for the most recent year.) Round your answer to the nearest whole number; for example,1234.

What is the MAD of this forecast? Round your answer to the nearest whole number; for example,123.

(d) Compute the forecast for year 6 using exponential smoothing, an initial forecast for year 1 of 3,100 miles, and. Round your answer to the nearest whole number; for example,1234.

Reference no: EM13739402

Questions Cloud

Measurement of student outcomes : According to the vision statement of the Partnership for 21st Century Skills, education systems should pursue measurement of student outcomes that are:
How would you summarize your thoughts : Assignment: Think about the word 'race'. How would you summarize your thoughts, your experiences or observations about race into one sentence that has only six words? This sentence can be about your race, culture and/or ethnicity. Think about your ex..
What they suggest could potentially be done to desegregate : What they suggest could potentially be done to desegregate in their school OR describe what they know has been done over time to change perceptions.
Read through descriptions of daily activities and commonplac : Read through descriptions of daily activities and commonplace knowledge for lower, middle, and upper class people. Then put a check mark next to the things you know how to do, and then look to see how many check marks you have in each catergory.
Find the mad for forecast : Forecast the mileage for next year using a 2-year moving average. Round your answer to the nearest whole number; for example,1234 .(b) Find the MAD for your forecast in part (a). Round your answer to the nearest whole number; for example,123 .
Differentiating with learning menus : View the video Differentiating with learning menus. Use Voicethread, Present.me, Jing or YouTube to create either an audio or video discussion of the following and post the link from whichever digital tool you used in your response:
You are expected to research the necessary commands : You are expected to research the necessary commands by themselves. There are numerous web sites available that discuss Linux networking. You are expected to list your sources of information for the different tasks.
The basic needs of people in that society be addressed? : Consider a society without families. How would the basic needs of people in that society be addressed? How would the children be cared for, how would training and values be instilled? Who would fulfill the child's needs for love and care? How would p..
Components in the career and technical programs : Students in the MCTE program are required to select a research topic from one of ten components in the Career and Technical Programs of Study Design Framework. These components include the following.

Reviews

Write a Review

Operation Management Questions & Answers

  What is the average number of customers waiting in line

What is the average number of customers waiting in line? What is the probability of having more than 3 customers in the system?

  Describe the approach to research the subject thesis

One of the requirements for this course is the completion of a five-page Research Paper. The Research Paper is distinguishable from a report by the inclusion of an original thesis. The Research Paper will be at least five pages in length, include at ..

  What are the upper and ower control chart

In the past, the defective rate for your product has been 1.5%. What are the upper and ower control chart limits if you wish to use a sample size of 500 and z=3?

  Evaluate primary levels of union management decision making

Evaluate one or two of the three primary levels of union-management decision making. Include the following: can this level be improved, and if so, how?

  Discussed the importance of controlling labour costs

During the interview process, one of the key items discussed was the importance of controlling labour costs. The current owners feel that a master schedule needs to be developed to help meet the labour cost budget and ensure maximum productivity f..

  Explain what kinds of threats do they pose to business

Considering the Porter model, from what sectors would Ronnie's competitors be coming? What kinds of threats do they pose to his business

  What value is provided by using an engineering approach

Why is it important to use systems analysis and design methodologies when building a system? Why not just build the system in whatever way seems to be "quick and easy?" What value is provided by using an "engineering" approach?

  What would be his expected procurement cost

Suppose Handi were to procure exclusively from the spot market? What would be his expected procurement cost? What would be his fill - rate in this arrangement? Also, what is the mismatch cost he incurs with this arrangement?

  Why is it that small businesses are at a disadvantage

Why is it that small businesses are at a disadvantage as they pursue non-Web-based international expansion strategies?

  How could a company known for superior quality

How could a company known for superior quality have so many quality problems? Use the elements of the 5P's Model to analyze this scenario.

  Why organizations outsource projects or sections of projects

Identify major reasons why organizations outsource projects or sections of projects?

  Case study - john lasseter

The case focuses on John Lasseter, who currently is the creative head of Disney Animation Studios and Pixar Animation Studios, both of which are owned by The Walt Disney Company.

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