Calculate a tracking signal for months, Operation Management

Assignment Help:

The classified department of a monthly magazine has use a combination of qualitative and quantitative methods to forecast sales of advertising space. Results over a 20 month period are as follows. Month Error 1 -8 2 -2 3 4 4 7 5 9 6 5 7 0 8 -3 9 -9 10 -4 11 1 12 6 13 8 14 4 15 1 16 -2 17 -4 18 -8 19 -5 20 -1 a). Compute a tracking signal for months 11 through 20. Compute an initial value of MAD for month 11, and then update it for each month using exponential smoothing of alpha =.1. What can you conclude assuming limits of plus or minus 4. b). using the first half of the data, construct a control chart with 2s limits. What is the implication of this?


Related Discussions:- Calculate a tracking signal for months

Explain factors contributing to competitive rivalry include, Factors contri...

Factors contributing to competitive rivalry include A) The corporate attitudes toward marketing strategies B) Nature of the product and homogeneity of market C) The suppor

Business organisation functions, ''OPERATIONS MANAGEMENT IS THE CENTRAL TO ...

''OPERATIONS MANAGEMENT IS THE CENTRAL TO THE FUNCTIONING OF ALL BUSINESS ORGANISATIONS''.with reference to the organisation of your choice discuss this statement highlighting how

Explain the elements in a hrmis, Describe the elements in a HRMIS and the r...

Describe the elements in a HRMIS and the role such a system plays in an organization's ability to meet its goals. If you are familiar with such a system, what information does it p

Explain the factors determining the sequencing of jobs, Question : (a) ...

Question : (a) Show how operations management can contribute to the success of an organization. (b) Explain the factors determining the sequencing of jobs. ( c) A machin

Explain handling of electronic evidence, Discuss how the improper handling ...

Discuss how the improper handling of electronic evidence can adversely affect a criminal case. In your response explain the precautions that should be taken when investigators are

Explain in words your motivation to do a good job, Describe in words your m...

Describe in words your motivation to do a good job? Does your company recognize your value? Is your salary/wages indicative of your value?

Value driven approach , Value Driven Approach The second approach is a...

Value Driven Approach The second approach is a value drive approach to operations management. The value driven approach starts by recognizing that a business is a set of proce

Explain yellow pages listed a funeral home under what, In 1980 the Yellow P...

In 1980 the Yellow Pages listed a Funeral Home under what

Explain the basic economic order quantity, The basic Economic Order Quantit...

The basic Economic Order Quantity (EOQ) model can be considered a special case of the Economic Production Quantity (EPQ) model under which of the following condition? Answer The

Aggreate planning, Identify (a) the demand options for aggregate planning; ...

Identify (a) the demand options for aggregate planning; and (b) the capacity (supply) options for aggregate planning

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