What was the mean absolute deviation for these forecasts

Assignment Help Operation Management
Reference no: EM1392266

Problem 1 -

A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data: YEAR ATTENDANCE Four years ago 10,000 Three years ago 12,000 Two years ago 18,000 Last year 20,000 The previous trend line had predicted 18,500 for two years ago, and 19,700 for last year. What was the mean absolute deviation (MAD) for these forecasts?

a) 100 b) 200 c) 400 d) 500 e) 800

Problem 2 -

Given the following Forecast Errors: -3, +2, 0, -2, and +2 The MAD value will be:

a) 2 b) 3 c) -1 d) 1.8 e) None of the above

Problem 3 -

Given the following Forecast Errors: -3, +2, 0, -2, and +2 The MSE value will be:

a) 21 b) 4.2 c) 3 d) 5.25 e) None of the above

Reference no: EM1392266

Trends toward improving or deteriorating cost performance

Plot__________ curves on the same graph to reveal any trends toward improving or deteriorating cost performance. 2-In order to establish a basis from which to calculate a sche

Was the united states justified in its manifest destiny

Was the United States justified in its "Manifest Destiny" of Westward expansion to the Pacific Ocean? Support your argument with specific details from the reading, and cite

Leadership philosophy with justification

Identification of your chosen leadership philosophy with justification of your choice. Using Porter's Five Forces as a strategic guide, please explain how you will approach F

Health care providers face both legal and ethical challenges

Health care providers face both legal and ethical challenges. What is the difference between compliance or legal situation and an ethical one for health care providers? What d

Lack of step-by-step work will not be credited

Lack of step-by-step work will not be credited. Partial credit will be given for step-by-step description of answer. Elasticity can be defined as percentage change in demand f

Mid-sized organization relied heavily on corporate memory

A mid-sized organization relied heavily on the corporate memory, skills and experience of a longtime employee. In her final position, she was responsible for office administra

Briefly discuss designing job-based pay system

Briefly discuss designing job-based pay system (i.e. merit pay, sales incentive pay) and person-focused programs. What considerations arise when making a transition from using

Verify truly objective and measurable success

During a change initiative, what can organizations use to identify or verify truly objective and measurable success? What does your organization utilize to measure its level o

Reviews

Write a Review

 
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