What should we do to the forecast model

Assignment Help Operation Management
Reference no: EM131278245

While monitoring the forecast values based on simple moving average method (averaging period = 5), the tracking signals are consistently coming out as large negative numbers (i.e., -14.0, -16.2, and -15.5). What should we do to the forecast model?

Reference no: EM131278245

Questions Cloud

Multidomestic strategy-global strategy-transnational strate : Assume you are in charge of developing a strategy for a multinational company selling products in many different countries around the world. Multidomestic strategy. Global strategy. Transnational strategy
Process is in control and centered at nominal : A process is in control and centered at nominal. Output from the process is normally distributed and the process capability index, Cp, equals 1.02. Determine the expected number of nonconforming units that will result from a production run of 20,000 ..
The mean time between failures for a watch battery : The mean time between failures (MTBF) for a watch battery is 36 months. Determine the following probabilities: a) the probability of failure before 36 months. b) The probability that a system which is composed of two such solenoids will fail within 3..
Assume the actual value and forecast value : Actual demands for the last four months are as follows. What are the forecast values for March, April, May, June and July based on exponential smoothing method with Alpha = 0.2? Assume the actual value and forecast value for March are the same.
What should we do to the forecast model : While monitoring the forecast values based on simple moving average method (averaging period = 5), the tracking signals are consistently coming out as large negative numbers (i.e., -14.0, -16.2, and -15.5). What should we do to the forecast model?
Three main modules that have individual reliabiliities : A computer has three main modules that have individual reliabiliities of .80,.90, and .90. Because of recent failures, management is now considering adding redundancy. Determine the reliability of the system with backups under these conditions: Each ..
Maintain its leadership in the video-game market : How would you use the adaptation model to advise Activision Blizzard on the best way to maintain its leadership in the video-game market?
Ensure adequate supplier performance in the future : The Alpha Omega Corporation The Alpha Omega Corporation, one of the world’s largest computer manufacturers, faced increasing challenges from a number of competitors for the market share needed for profitability and success. What is the basic reason t..
Arrival rate is poisson distributed : Gerry’s Gas Station has just one pump (and lots of waiting) in a very small town. During a normal day, customers arrive at Gerry’s on the average of 15 every two hours, while service takes just five minutes on the average. The arrival rate is Poisson..

Reviews

Write a Review

Operation Management Questions & Answers

  Economic order quantity-blood inventory drops

A hospital buys blood from the local blood bank and because this is a critical item the inventory supply of blood at the hospital is constantly monitored. An EOQ inventory model is used to determine when to order and how much blood to order (blood is..

  Finance department promoted recently to supervisor of unit

An employee in the finance department (Susan) was promoted recently to supervisor of a unit, which consists of six employees who are friendly with one another and often socialize outside of work. Could the supervisor’s behavior be considered harassme..

  By how much foreign currency will change

Which currency should appreciate and which currency should decline? What will be the anticipated value of euro in one year given the nominal interest rates as per International Fisher Effect (IFE)? Suppose, the exchange rate is fixed and does not cha..

  Should we separate organizational responsibilities

Discuss and support your response to the following question: "Should we separate organizational responsibilities for mitigation, preparedness, response, and recovery" (Harrald, 2012, p. 187)? Is this already done

  What percentage of bpo contracts do you think have weak or

what percentage of bpo contracts do you think have weak or unclear evaluation criteria defined within them? what steps

  Checking account customers

The forecast for september, which was made in August, was for 1065 checking account customers

  How effective are these strategies

Are there any benefits that an employer unable to pay a market-competitive salary could offer that could overcome the lower pay? How effective are these strategies?

  Explain the employment-at-will doctrine discussed

Summarize the employment-at-will doctrine discussed in the text and then evaluate three of the six scenarios described by determining: Whether you can legally fire the employee; include an assessment of any pertinent exceptions to the employment-a..

  Calculate expected capital turnover

Consider the following data regarding budgeted operations for 20X7 of the Portland division of Machine Products:

  Write a letter to the owner of the coffee shop

The coffee shop across the street from your tiny apartment is your haven away from home—great beverages, healthy snacks, an atmosphere that is convivial but not so lively that you can’t focus on your homework, and free wireless. Write a letter to the..

  What is the maximum authorized inventory

how many Kanban card sets should be authorized? What is the maximum authorized inventory?

  What is data and why is it important to a business

What is data and why is it important to a business. What is the relationship between data, information, business intelligence, and knowledge

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