A forecasting method resulted in the following forecasts shown by the data in the following table: a.

Question:

A forecasting method resulted in the following forecasts shown by the data in the following table: image text in transcribed

a. Use the data to calculate the MAD.

b. Find a regression equation for the demand data.

c. Use the regression equation to forecast demand for period II.

d. Is the regression method preferred over the method used? Why or why not?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

The Fundamentals Of Production Planning And Control

ISBN: 978-0130176158

1st Edition

Authors: Stephen Chapman

See More Books

Question Posted: Jul 11, 2024 09:04 AM

See More Questions

The law of diminishing marginal productivity predicts that marginal costs will rise as additional workers are hired to increase output. This is particularly applicable to the production of tangible...
6a. A sample with size n = 18 has * = 87.9, and s = 10.6. The dotplot for this sample is given below. 60 70 80 90 100 State whether or not it is appropriate to use the t-distribution. Briefly explain...
Q2. (10 points) The data shows the roundtrip mileage that 43 randomly selected students drive to school each day. Miles Frequency 10--14 2 15--19 6 20--24 9 25-29 19 30--34 7 a) Find the class...
Comparative financial statements of the Boeckman Company for 2009 and 2010 are as follows: Comparative Balance Sheets Comparative Income Statements Additional information: The Boeckman Company is...
A variable of a population has mean and standard deviation . For a large sample size n, answer the following questions. a. Identify the distribution of x-bar. b. Does your answer to part (a) depend...
Evaluate the double integral. D is the triangular region with vertices (0, 1), (1, 2), (4, 1) y? dA, D.
3.9
The stockholders equity for Dairy Place Drive-Ins (DP) on December 31, 2012, follows: On April 16, 2013, the market price of DP common stock was $20 per share. Assume DP distributed an 18% stock...
I need to write paper about: research a company you like, and suggest new and creative marketing strategies to the company. please write a something like your idea or some company you like. Thank you.
The following demand data was collected over a 3 year period for one product: Use the data to develop a regression-based forecast. Be sure to note that there is a seasonal factor to the demand. Month...
Given the same data for the previous problem: a. Use Excel or some other statistical computer package to calculate the regression equation for the data. b. Use the regression equation to forecast the...
Consider Figure 4.16, which shows the Sensitivity Report for the Anderson Home Electronics example in Section 4.4. Use the Sensitivity Report to answer the following questions, if possible. Each...
PROVIDE A CASE BRIEF FOR THE FOLLOWING CASE PROVIDED BELOW: PEOPLE v. REKTE Court of Appeal, Fourth District, Division 2, California. The PEOPLE, Plaintiff and Respondent, v. Viktors Andris REKTE,...
The time between release from prison and another crime charge for a certain group of men is 36 months with a standard deviation of 9 months. What percentage of men get charged with a second crime...
capacitance simulation: https://phet.colorado.edu/sims/html/capacitor-lab-basics/latest/capacitor-lab-basics_en.html w Lab 4 (1).docx Homework Help - Q&A from Or x + C...
Mel Jackson, a resident of Tennessee, has been a driver for Blues Delivery Company for the past 7 years. For this purpose, he leases a truck from Blue, and his compensation is based on a percentage...
On Halloween night, a small boy decided to dress up as a bank robber. He went to house where the lights were on, indicating that the owner was receiving trick-or-treaters. When the homeowner, a...
A continuous-time signal x c (t) = cos( 0 t) is sampled with period T to produce the sequence x[n] = x c (nT). An N-point rectangular window is applied to x[n] for 0, 1, N1, and X[k], for k = 0, 1,....
Suppose a population of bacteria doubles every hour, but that 1.0 x 106 individuals are removed before reproduction to be converted into valuable biological by-products. Suppose the population begins...
Portfolio return and beta Personal Finance Problem Jamie Peters invested $ 1 1 3 , 0 0 0 to set up the following portfolio one year ago: a . Calculate the portfolio beta on the basis of the original...
. Emerson Cammack wishes to purchase an annuity contract that will pay him $7,000 a year for the rest of his life. The Philo Life Insurance Company figures that his life expectancy is 20 years, based...
Integrity Inc. can sell 20-year, $1,000 par value bonds paying semi-annual interests with a 10% coupon. The bonds can be sold for $1,050 each; flotation cost of $50 per bond will be incurred in this...

A forecasting method resulted in the following forecasts shown by the data in the following table: a.

Question:

Period Demand Forecast 123456789 1 132 127 141 130 137 133 159 135 146 139 162 144 166 149 175 155 194 161 10 181 169

Step by Step Answer:

The Fundamentals Of Production Planning And Control

Students also viewed these Business questions