Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 18, 2024

Given the Forecasts and Observed Demands shown below, please calculate out the MAD for each of the forecasts. Week Demand Observed 6 171 7

Given the Forecasts and Observed Demands shown below, please calculate out the MAD for each of the forecasts. Week Demand Observed 6 171 7 254 8 356 9 333 10 127 Forecast: 4-mo Moving Avg (MA(4)) 213.75 211 222.5 280.25 278.5 What is the MAD for MA(4): What is the MAD for ES(.05): Forecast: Exponential Smoothing (ES(.05)) 354.5 345.3 340.7 341.5 341.1

Step by Step Solution

★★★★★

3.61 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

To calculate the Mean Absolute Deviation MAD for each of the forecasts we follow these steps 1 Subtr... blur-text-image

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

Recommended Textbook for

Operations Management Processes And Supply Chains

Authors: Lee Krajewski, Naresh Malhotra, Larry Ritzman

13th Global Edition

129240986X, 978-1292409863

More Books

Students also viewed these General Management questions

Question

In the given figure, AD is median of ?ABC and AE ? BC. Prove that b 2 + c 2 = 2p 2 + 1/2 a 2 . E D a b C

Answered: 1 week ago

Question

Solve - 20+ -50 60 (Type an exact answer, using radicals as needed. Type your answer in the form a + bi.)

Answered: 1 week ago

Question

★★★★★

(10 points) Given that ry + xy = 1. 1. Find a solution of the differential equation that satisfies the initial condition y(1) = 10. Answer: y = 2. Find a solution of the differential equation that...

Answered: 1 week ago

Question

★★★★★

You are given two planes in parametric form, x1 x2 1 x3 where x1, x2, 3, , 2, 1,42 R. Let I be the line of intersection of II and II2. a. Find vectors n and no that are normals to II and II 2 must...

Answered: 1 week ago

Question

★★★★★

A red ball and 4 white balls are in a box. If two balls are drawn, without replacement, what is the probability (a) Of getting a red ball on the first draw and a white ball on the second? (b) Of...

Answered: 1 week ago

Question

★★★★★

Find the critical value(s) of t that specify the rejection region for the situations given 8. A lower one-tailed test with a =.01 and 15 df

Answered: 1 week ago

Question

★★★★★

1. Praise and appreciate the students efforts, accomplishments, and actionsespecially when the actions help others.

Answered: 1 week ago

Question

★★★★★

1. Golfers who take lessons and purchase other services from the Annika Academy presumably share at least some of Sorenstams passion for winning. Would toning down the competitive aspect of...

Answered: 1 week ago

Question

★★★★★

Compute the future value in year 8 of a $3,200 deposit in year 1 , and another $2,700 deposit at the end of year 3 using a 10 percent interest rate. (Do not round intermediate calculations and round...

Answered: 1 week ago

Question

★★★★★

Bennett et al. (2003) measured the refractive index (RI) of a pane of glass at 49 di erent locations. She took a sample of 10 fragments at each location and determined the RI for each. The data from...

Answered: 1 week ago

Question

★★★★★

The current price of a stock is $94, and 3-month European call options with a strike price of $95 currently sell for $4.70. An investor who feels that the price of the stock will increase is trying...

Answered: 1 week ago

Question

★★★★★

Hunter is a new federal borough of investigation agent who is assigned to Las Vegas. He owns a midnight sedan insured by a personal auto policy. The FBI will not provide Hunter with a car so he will...

Answered: 1 week ago

Question

★★★★★

Research Paper Outline Introduction 1)Non-Compete Agreements- define what is a non compete agreement, history, and why they were created 2) When are these agreements enforceable i.e. definition and...

Answered: 1 week ago

Question

★★★★★

You are managing a medium size construction company suffering from employee absence , staff turnover and low productivity. You want to train you divisional managers to influence their teams to...

Answered: 1 week ago

Question

★★★★★

Choose a product and discuss its full lifecycle (Steps 1-5). Indicate where it is in the life cycle currently. When do you predict the life cycle will end? Why do you think it will end?

Answered: 1 week ago

Question

★★★★★

A) she been presented with the option to take a lump sum payment of $ 750,000 today or payment in the amount $75,000 over next ten years. Assume 3% interest rate. which preferred option based the...

Answered: 1 week ago

Question

★★★★★

Minion, Inc., has no debt outstanding and a total market value of $240,900. Earnings before interest and taxes, EBIT, are projected to be $40,000 if economic conditions are normal. If there is strong...

Answered: 1 week ago

Question

★★★★★

CRUZ, INC. Comparative Balance Sheets December 31, 2015 CRUZ, INC. Income Statement For Year Ended December 31, 2015 Required Use the indirect method to prepare the cash provided or used from...

Answered: 1 week ago

Question

★★★★★

An initial time study was done on a process with the following results (in minutes). Based on the data obtained so far, assuming an allowance of 20 percent of the normal time, what do you estimate...

Answered: 1 week ago

Question

★★★★★

Terai Motors buys semi-finished products from suppliers and assembles them based on customer preferences. During the customization process, two wheels, one handlebar, one seat, and a luggage box are...

Answered: 1 week ago

Question

★★★★★

Wiebe Trucking, Inc., is planning a new warehouse to serve the western United States. Denver, Santa Fe, and Salt Lake City are under consideration. For each location, annual fixed costs (rent,...

Answered: 1 week ago

Question

★★★★★

Consider a simple demand-and-supply model of a competitive labour market in a small town. The demand and supply curves for labour are given by Demand: w = 18 - 3LD Supply: w = 3 + 2LS Where w is the...

Answered: 1 week ago

Question

★★★★★

In each of the cases listed below, identify whether Claudia's expenditure on each product should rise or fall in order to maximize her utility.

Answered: 1 week ago

Question

★★★★★

Consider the market for rental housing in Yourtown. The demand and supply schedules for rental housing are given in the table. a. In a free market for rental housing, what is the equilibrium price...

Answered: 1 week ago

Previous Question Next Question