Calculate the mean absolute deviation, Operation Management

Assignment Help:

Since May of 2005, the purchase manager at a department store has been using a 4-period moving average to forecast sales in upcoming months. Sales data for the months of January through July are given in the table below.

Month Sales
Jan 65
Feb 65
Mar 41
Apr 50
May 63
Jun 38
Jul 72

Compute the mean absolute deviation (MAD) for the four-period moving average forecasts. The forecast values are calculated with an accuracy of two decimal digits. Specify the MAD as a whole number by rounding.


Related Discussions:- Calculate the mean absolute deviation

Significance of designing for profit in product development, Discuss the im...

Discuss the importance of designing for profit in product development. What happens when there is distortion in these goals?

Explain the probable destiny competing products, Consider this: Lee Peterso...

Consider this: Lee Peterson has invented a new product that detects water leaks due to broken pipes and sends out an alarm similar to a smoke alarm. However, Lee has very little pe

Define the elements of method study and work measurement, Define the elemen...

Define the elements of method study and work measurement. Method study and Work Measurement are elements of Work Study.

Illustrate overview of operational functions or departments, Illustrate the...

Illustrate the overview of operational functions or departments? Organisations create products or deliver services and act rely heavily onto operational processes to create eff

Explain what is the consumer research, What is the consumer research behind...

What is the consumer research behind the growth of Toyota and the brand strategy they have in place? Discuss the brand strength behind Toyota. It is recommended to include the cons

Explain what are the legal and ethical ramifications, What are the legal an...

What are the legal and ethical ramifications for falsifying a resume?

What is usefulness of materials requirement planning, Q. What is usefulness...

Q. What is usefulness of materials requirement planning first to manufacturing operations? Materials requirement planning (MRP I) is an inventory control system that gives an a

Compute what will be total bid price, Your firm designs PowerPoint slides f...

Your firm designs PowerPoint slides for computer training classes, and you have just received a request to bid on a contract to produce the slides for an 8 session class. From prev

Line balancing, What do you understand by “line balancing”?

What do you understand by “line balancing”?

Explain women understand the importance of behaving similar, The program, "...

The program, "Bully Broads" is designed to help Answer men understand the controlling nature of women. Women understand how their perception of what it takes to get ahead can be vi

Write Your Message!

Captcha
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