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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
Model of Service Quality - Customer Satisfaction Gap 1 Occurs due to management's lack of a clear understanding about how customers determine their expectations on the b
Item Cost - $7.00 Order Cost - $283.00 Annual Hold - 32% of item cost Annual Demand - 22,100 Average Demand - 442 per week Standard deviation of weekly demand 20 per week lead time
Distinguish between management information systems and operations information systems
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