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

Determine the appropriate sample size - process design, The following work ...

The following work sampling data was collected from observing a retail assistant:  Activity                                                Number of observations Attending to

Determining operations strategy - traditional approaches, Determining Opera...

Determining Operations Strategy - Traditional and Emerging Approaches Three known and acknowledged procedures are presented here: the Hill, Platts and Gregory, and the Slack

State the term capacity, State the term capacity. Capacity: It is...

State the term capacity. Capacity: It is the capability of an operation to do and produce. The maximum restriction to the volume of product or service an organisation can

Describe an issue involving mortgage foreclosures, Discusses an issue invol...

Discusses an issue involving mortgage foreclosures in your state and write a summary

Approaches for handling customer complaints and listening to, explain appro...

explain approaches for handling customer complaints and listening to customers

Explain decision quality requirement that is significant, A large municipal...

A large municipality (250,000 citizens) is trying to decide where to locate a new community recreational center. The problem is relatively unstructured. There is a decision quality

Vertically integrated or virtual organisation, Vertically Integrated or Vir...

Vertically Integrated or Virtual Organisation An organisation might decide not to source goods or services externally but to own the supplier company itself. For instance a

Explain limitations of interactive media and cbt, Simulate, a Texas aviatio...

Simulate, a Texas aviation training company, expected to whip the competition with FasTrakits computer-based training (CBT) curriculum for corporate pilots. Instead, the new ventur

The graph that depicts the utility value versus monetary, The graph that pl...

The graph that plots the utility value versus monetary value is called a

Explain if the waitress sues the employer, 1. A company hires a file clerk ...

1. A company hires a file clerk but does not inquire into his criminal history. In fact, he has had several convictions for driving while intoxicated. On a lunch break, he gets dru

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