Find the mad for forecast

Assignment Help Operation Management
Reference no: EM13739402

Question 1

The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows.

Year   Mileage
1       3,100
2       4,000
3       3,500
4       4,000
5       3,700

(a) Forecast the mileage for next year using a 2-year moving average. Round your answer to the nearest whole number; for example,1234 .

(b) Find the MAD for your forecast in part (a). Round your answer to the nearest whole number; for example,123 .

(c) Use a weighted 2-year moving average with weights of .4 and .6 to forecast next year's mileage. (The weight of .6 is for the most recent year.) Round your answer to the nearest whole number; for example,1234.

What is the MAD of this forecast? Round your answer to the nearest whole number; for example,123.

(d) Compute the forecast for year 6 using exponential smoothing, an initial forecast for year 1 of 3,100 miles, and. Round your answer to the nearest whole number; for example,1234.

Reference no: EM13739402

Questions Cloud

Measurement of student outcomes : According to the vision statement of the Partnership for 21st Century Skills, education systems should pursue measurement of student outcomes that are:
How would you summarize your thoughts : Assignment: Think about the word 'race'. How would you summarize your thoughts, your experiences or observations about race into one sentence that has only six words? This sentence can be about your race, culture and/or ethnicity. Think about your ex..
What they suggest could potentially be done to desegregate : What they suggest could potentially be done to desegregate in their school OR describe what they know has been done over time to change perceptions.
Read through descriptions of daily activities and commonplac : Read through descriptions of daily activities and commonplace knowledge for lower, middle, and upper class people. Then put a check mark next to the things you know how to do, and then look to see how many check marks you have in each catergory.
Find the mad for forecast : Forecast the mileage for next year using a 2-year moving average. Round your answer to the nearest whole number; for example,1234 .(b) Find the MAD for your forecast in part (a). Round your answer to the nearest whole number; for example,123 .
Differentiating with learning menus : View the video Differentiating with learning menus. Use Voicethread, Present.me, Jing or YouTube to create either an audio or video discussion of the following and post the link from whichever digital tool you used in your response:
You are expected to research the necessary commands : You are expected to research the necessary commands by themselves. There are numerous web sites available that discuss Linux networking. You are expected to list your sources of information for the different tasks.
The basic needs of people in that society be addressed? : Consider a society without families. How would the basic needs of people in that society be addressed? How would the children be cared for, how would training and values be instilled? Who would fulfill the child's needs for love and care? How would p..
Components in the career and technical programs : Students in the MCTE program are required to select a research topic from one of ten components in the Career and Technical Programs of Study Design Framework. These components include the following.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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