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 legacies of the pharaohs hatshepsut, • Imagine you are an Egyptolog...

• Imagine you are an Egyptologist encountering an astounding archeological find, such as the tomb of Tutankhamen found by Howard Carter in 1922. Would you proceed with the excavati

Explain differentiate between validity and reliability, Differentiate betwe...

Differentiate between validity and reliability of a selection test. In other words, provide definitions of (1) validity and (2) reliability of a test.

Describe difference between a mission and vision statement, Explain the dif...

Explain the difference between a mission and vision statement. Discuss why mission statements are important in performance improvement and why a solid mission statement (describing

Column minima method, Column Minima Method: Step 1: Determine  the  ...

Column Minima Method: Step 1: Determine  the  smallest cost in  the first  column  of the  transportation  table. Let it be  C1j  . allocate  Xi1= min ( ai bi ) in the cell

Describe scope process, Which of the following items best depicts the Defin...

Which of the following items best depicts the Define Scope process? A. It begins by determining product scope / deliverables and culminates in a project scope statement. B. It be

Describe expect it to take for the customer to wait in line, A toll tunnel ...

A toll tunnel has decided to experiment with the use of a debit card for the collection of tolls. Initially, only one lane will be used. Cars are estimated to arrive at this experi

Improve efficiency in service organisations, Lean" thinking was first devel...

Lean" thinking was first developed with manufacturing organisations in mind. Explain FIVE examples of ways in which these waste elimination principles may be applied to improve eff

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