Compute the mad and mse, Operation Management

Assignment Help:

The last 4 weekly values of sales were 80,100,105 and 90 units. The last 4 forecast (for the same 4 weeks) were 60, 80, 95 and 75 units.
Calculate the MAD, MSE and MAPE for these 4 weeks

Sales - 80, 100, 105, 90

Forecast - 60, 80, 95 75

Error - 20, 20, 10, 15

Error Squared - 400, 400, 100, 225

PCT Error - . 25, .20, .095, .167


Related Discussions:- Compute the mad and mse

Explain smoothing constan, Systembolaget uses forecasting to predict the nu...

Systembolaget uses forecasting to predict the number of bottles they think they will sell the next day. Below are the number of bottles sold each day during the five-day work week

What is diversification, What is Diversification? Ans: Diversificati...

What is Diversification? Ans: Diversification is guiding activities into different lines of business.

Explain were the colonists more responsible for winning it, Need reference/...

Need reference/cited for this question. • Were the British more responsible for losing the war or were the colonists more responsible for winning it? Use specific examples fr

Important functions of maintenance department, Problem 1: What are the ...

Problem 1: What are the important functions of maintenance department? Day to day activities Keeping the machinery, equipment, and services in proper working condition

Describe main motivational theories described in the text, There are a vari...

There are a variety of theories of motivation, many of which are complementary. Of the main motivational theories described in the text, which theory or theories do you think would

Explain ethics addressed in the business world today, How are leadership tr...

How are leadership traits and ethics addressed in the business world today?

Explain if microsoft don''t build a cloud computing business, If Microsoft ...

If Microsoft don't build a cloud computing business, what will happen to them in the next decade? Why did the company decided that it had little choice but invest in cloud?

How may the social value of low versus high power distance, How might the s...

How might the social value of low versus high power distance influence how you would lead and motivate employees?

Explain other type of business planning, Is Logistics planning more importa...

Is Logistics planning more important than any other type of business planning? WHY or Why not?

Explain the prediction method, The following data concerns fuel sales by a ...

The following data concerns fuel sales by a distributor and is given in thousands of gallons. A. For each of the cases predict the fuel sales for the next twelve-month period. C

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