Question
1.Compute MSE, MAD, and MAPE (Equations 9.1 to 9.3) for the following customer satisfaction data: Month Customer Satisfaction Score Forecast 1 88.4 84.0 2 87.2
1.Compute MSE, MAD, and MAPE (Equations 9.1 to 9.3) for the following customer satisfaction data:
Month Customer Satisfaction Score Forecast
1 88.4 84.0
2 87.2 86.6
3 90.1 89.1
4 92.7 88.7
5 91.5 89.9
2. A manufacturer uses a moving average to predict how many replacement parts for Part #8119 they should produce per month. Past demand is as follows
Month Demand (units)
1 302
2 288
3 325
4 401
5 430
6 456
What are the forecasts for month seven using two-, four-, and six-period moving averages? What can we learn from the answers
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started