Calculated the overall mean absolute deviation

Assignment Help Operation Management
Reference no: EM131122500

Month          Sales

January        100

Feburay         94

March          106

April               80

May               68

June              94

1. Develop forecasts for months April to July using a moving average model with AP=3 and then calculated the overall Mean Absolute Deviation (MAD) and Tracking Signal (TS) for months April to June.

2. With an alpha value of 0.3 and a starting forecast in month January equal to actual in month January, develop forecasts for months February t oJuly using exponential smoothing and then calculate the overall MAD and TS for months February to June.

3. Develop a linear regression equation to forecast the sales of the units and then calculate the number of units for month July.

Reference no: EM131122500

Questions Cloud

What is the amount of the gross profit : During the current year, merchandise is sold for $32,800 cash and $379,500 on account. The cost of the merchandise sold is $250,000. What is the amount of the gross profit?
Movements in english literature : Produce an original opinion based on assigned literature and the fourth learning objective: Discuss major literary movements in English literature from the 18th century to the present. 200 word min. (I asked this same question last night and the ..
Who bears the freight when the terms of sale are : Who bears the freight when the terms of sale are?
What is the profit that the studio expects to make : Topgun Records and several movie studios have decided to sign a revenue-sharing contract for CDs. Each CD costs the studio $1.5 to produce. The CD will be sold to Topgun for $2.5. Topgun in turn prices a CD at $13 and forecasts demand to be normally ..
Calculated the overall mean absolute deviation : Develop forecasts for months April to July using a moving average model with AP=3 and then calculated the overall Mean Absolute Deviation (MAD) and Tracking Signal (TS) for months April to June. Develop a linear regression equation to forecast the sa..
What is the nature of : A debit memo issued by the buyer of merchandise?
How transformational leaders get involve and influence : How transformational leaders get involve and influence followers through a complex and interrelated set of behaviors and abilities.
Determining your management plan : You will prepare the classroom management plan for a specific classroom. If you are currently teaching, you should prepare the plan for your own classroom. If you are not currently teaching in your own classroom, please build your project around y..
Derive a dynamic programming algorithm that proceeds forward : Apply this transformation to the dynamic programming problem of Example 2.2 and Exercise 2.23, and derive a dynamic programming algorithm that proceeds forwards rather than backwards in time.

Reviews

Write a Review

Operation Management Questions & Answers

  Explain why you would make it considering

Identify decision you would make also explain why you would make it considering: Global versus national values, stakeholder rights also values, national also global laws, economic also shareholder rights also values also social responsibility ma..

  What are the strengths and weaknesses of each competitor

What are the strengths and weaknesses of each competitor. How good are its products. How much does each one spend on R&D. How big is each sales force. How performance-driven is each culture.

  What is organization ethical-corporate social responsibility

What is the organization’s ethical and corporate social responsibility on the following:

  What should be done to improve planning

Should major management plans provide for "worst case scenario" to assist development of ethics?

  Calculate the value of tax shield

You have a lease on an oil and gas property with 87.5% NRI that delivers your firm annual profits of $400,000 for five years, with equal production in each year.

  Create the project schedule network

create the project schedule network. Then use the two pass mehtod, calculate and show the early and late starts and slack for each activity and critical path. Create a table similiar to the one below and create the network diagram.

  An animal leaves its burrow near a river bank

An animal leaves its burrow near a river bank and moves up and down along the river bank foraging for food. Its distance upstream from its burrow after t minutes is denoted by X(t), and may be reasonably modeled as an ordinary Brownian motion {X(t); ..

  Describe works as a receptionist at a real-estate company

Julia works as a receptionist at a real-estate company. Her boss just came in the door and yelled at her, telling her that the front office was a mess and that she needed to get up and clean it immediately. After her boss left the room, Julia grab..

  Assignment on critique on the topic of business ethics

Choose a magazine, journal, or peer-reviewed article to critique on the topic of business ethics. Use the databases within the CSU Online Library, or use another source that contains peer-reviewed articles.

  Formulate this problem as a linear program

Each regular postal worker works for 5 consecutive days, followed by 2 days off, repeated weekly. Pay per each weekday is $80, and it is $100 for each weekend day. Formulate this problem as a linear program.

  What is jit inventory management

How does a Kanban system overcome this disadvantage. How exactly does a Kanban system of visual scheduling work

  Considering leasing a boeing

Air China is regularly selling out the cargo belly hold capacity on its scheduled Beijing to Los Angeles passenger flights. Air China is considering leasing a Boeing 747-400 freighter (originally a passenger aircraft, but converted to all- cargo) to ..

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