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

Elements of production control, Elements of Production Control 1.Contro...

Elements of Production Control 1.Control of the Planning: Assure receipt of latest forecast data from sales and production planning bill of material data from product engineer

Explain what percentage of parts will not meet the weight, Specifications f...

Specifications for a part for a DVD player state that the part should weigh between 24.4 and 25.4 ounces. The process that produces the parts has a mean of 24.9 ounces and a standa

Project MAnagement, A firm uses three machines in the manufacturing of thre...

A firm uses three machines in the manufacturing of three products: Each unit of product 1 requires three hours on machine 1, two hours on machine 2 and one hour on machine 3.

Sports of All Sorts, Formulate, but do not solve, the Linear Programming mo...

Formulate, but do not solve, the Linear Programming model which minimizes total shipping costs for the question below. Note: Skateboards can only be shipped in whole units (not i

Turnaround at the preston plant, what are the most significant events in th...

what are the most significant events in the story of how the plant survived because of the adoption of quality-based principles?

Explain project form more common or the exponential form, Is the stretched-...

Is the stretched-S life cycle project form more common or the exponential form? What other aspects of managing a project are affected by the nature of the project form besides budg

Produce management report and operation management material, There are two ...

There are two learning objectives of this assessment. 1. The first relates directly to the operations management materials. This assessment will develop and test your understand

Explain the effective integration of information, Q. Explain the effective ...

Q. Explain the effective integration of information in enterprise-wide systems. Enterprise-wide systems enable the consequence on various enterprise support resources or busine

Explain self-awareness and empathy, The perceptual distortion of projection...

The perceptual distortion of projection can be controlled thru a high degree of/ 1.ethical behaviour/2.cognitive consistency/3.emotional discernment/4. self-awareness and empathy/5

Short term financial conditions of improving productivity, What are the lon...

What are the long and short term financial consequences of improving productivity in a business?

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