Which of these two methods has the greater accuracy

Assignment Help Operation Management
Reference no: EM13227925

An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation is Ft = 127 + 1.9t, and it was developed using data from periods 1 through 10. Based on data for periods 11 through 20 as shown in the table, which of these two methods has the greater accuracy if MAD and MSE are used? (Round your answers to 2 decimal places.) t Units Sold 11 148 12 146 13 151 14 146 15 155 16 150 17 154 18 156 19 162 20 162 MAD (Naive) MAD (Linear) MSE (Naive) MSE (Linear)

Reference no: EM13227925

Questions Cloud

Determine linear trend line for expected freight car loading : Assuming the current trend continues, the loading volume will reach that level in approximately what week? (Round your intermediate calculations to 3 decimal places and final answer to the nearest whole number.) It would take approximately more we..
Develop a forecast for the expected number : Use an appropriate technique to develop a forecast for the expected number of passengers for the next three weeks. (Round your intermediate calculations to 3 decimal places and final answers to 2 decimal places.) Week Forecasted demand 19 20 21
State the reaction between magnesium and cobalt sulfate : Write the balanced molecular, ionic and net ionic equations for the reaction between magnesium and cobalt(II) sulfate. (b) What is oxidized and what is reduced in the reaction?
A liquid start to appear on the inside of a closed flask : A liquid begins to appear on the inside of a closed flask. At first glance before the liquid began to appear, you might have thought the flask was empty
Which of these two methods has the greater accuracy : An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation is Ft = 127 + 1.9t, and it was developed using data from periods 1 thr..
Present arguments that both support and refute this view : Some have argued the Six Sigma programs are merely repackaged versions of older quality improvement programs that originally accompanied TQM initiatives in the 1980s. Present arguments that both support and refute this view.
How many drivers can be processed in one hour : How many drivers can be processed in one hour if the clerks and typists work at 80 percent utilization rate?
Calculate the phase currents and the line currents : A three-phase, 400 V system has the following load connected in delta: between the red and yellow lines, a non-reactive resistor of 100; between the yellow and blue lines, a coil having a reactance of 60 and negligible resistance
Explain equilibirum with its ions in saturated solution : Solubility constant for is 8.1E-12. When is in equilibirum with its ions in saturated solution. The concentration of silver ions.

Reviews

Write a Review

Operation Management Questions & Answers

  Explain how a manager can be a positive role model for staff

explain how a manager can be a positive role model for staff within a business. detail the qualities a manager should possess.

  Think would be an effective new business model for dell

Describe what you think would be an effective new business model for Dell, explaining the roles played in it by operations and financial, strategic

  What extent would attraction also retention initiative

A capacity alternative has an initial cost of $50,000 also cash flow of $20,000 for each of next four years. If cost of capital is 5 percent, net present value of this investment is approximately.

  Describe the basic elements of the project life cycle

Describe the basic elements of the project life cycle. Why is an understanding of the project life cycle relevant for understanding project management?

  Evaluate the business benefit of this additional component

Which component would you recommend if Hilton Hotels desired to add an additional Oracle component. Evaluate the business benefit of this additional component.

  Illustrate what is the probability that the project

The expected completion time of the project was found out to be 40 weeks. The variance of the critical path is 9. Illustrate what is the probability that the project will be finished in 40 weeks or less.

  Determine the order quantity that will minimize the sum

Determine: (A) the order quantity that will minimize the sum of ordering and holding boxes of staples (B) the annual cost of ordering and carrying the boxes of staples.

  What are some of the possible negative outcomes for employer

What are some of the possible negative outcomes for employers and/or employees regarding alternative work arrangements? Please explain your answer.

  Business-level strategy

Determine how your experience with that company might change if it switched to one of the other four strategies (your choice). Explain your rationale

  Compare and contrast moral philosophies teleology-deontology

Compare and contrast the 2 moral philosophies, teleology and deontology. Explain how each philosophy type would use their beliefs/philosophy to evaluate the morality of a particular activity.

  Determine the indifference point from two alternatives

Henri Manufacturing must decide whether to insource or outsource a new toxic-free miracle carpet cleaner that works with its Miracle Carpet Cleaning Machine.

  Describe the basic control process

How can a manager determine if more control is necessary, or even possible? Identify and describe the various methods that managers can use to maintain control. Describe the basic control process.

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