Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Littlefield Laboratories is a state-of-the-art highly automated blood samples testing lab. The demand of blood sample testing for the previous 20 days (day 1 to day 20) are given in the EXCEL file "LF demand.xls" on Blackboard. You are asked to perform demand forecast for day 22. There are two steps to that end. First you need to choose a "best" forecasting model and, second, use that model to forecast demand on day 22. The manager does not specify which forecasting model you should use, so you need to compare different forecasting models to determine the appropriate one to use. You consider the following four models.
To see which model works the best, you need to compare their forecast accuracy for demand in the past. In other words, you compare their forecast accuracy for days 5 to 20 (comparing days 5 to 20 because you can derive forecasts for every model starting on day 5).
a. Please calculate forecasts and MAPE of each of the four forecasting models for days 5 to 20.
b. Please plot actual demand for days 1 to 20, forecasts of moving average for days 5 to 20 on the same chart in EXCEL. You should see that forecasts of moving average lag behind the trend.
c. Which forecasting model generates the smallest MAPE? You will pick that model to forecast demand for day 22 because historically it produces the smallest forecast error. Please forecast demand for day 22 using the model with the smallest MAPE.
How to audit good?
when does the mode is said to be ill defined?
Set 1: 1 2 3 4 5 Set 2: 1 13 25 31 42 Set 3: 10 16 24 25 40 Set 4: 5 10 15 20 25 1. Is one of these sets of numbers more likely to win the Gopher 5 than any of the others? Exp
How vital statistics are affect on human life
Find the kinematic and dynamic viscosities of air at a temperature of 189°F and a pressure of 29 psia using Sutherland''s equation and the ideal gas law .
For the zero order hidden Markov model defined in homework 2 determine probability of coding state at the last nucleotide of the sequence AGTAG. Use parameters provided in the home
1. Compute the z scores for the following raw scores where = 78 and the standard deviation = 4. a. 72 b. 82 c. 78 d. 87 e. 71
a few problems
Skewness It is the comparison of the mean, median and mode can reveal information about the characteristics of skewness. Definition The distribution of the data is ske
Management Accounting Ratio A financial ratio in management (or accounting ratio) is a relative magnitude of two types of selected numerical values taken from an enterprise''s
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd