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MANCOSA: ADVANCED DIPLOMA IN BUSINESS MANAGEMENT 22. Do the demand planner's results for the MAD and MADE Outperform the results from a nave forecast hint-
MANCOSA: ADVANCED DIPLOMA IN BUSINESS MANAGEMENT 22. Do the demand planner's results for the MAD and MADE Outperform the results from a nave forecast hint- You will need to calculate the MAD and MAPE for a naive forecast. Month Actual Error %Error Naive 105 113 March April May June 89 105 113 16 8 11 102 100 15.2496 7.0896 10.78% 296 35.1096 102 2 37 2.3. Which forecast would you recommend, based on forecast error? QUESTION 3 3.1. Using an appropriate diagram, discuss the different relationships in a manufacturing organisation 3.2. List any five differences between goods and services. (20) (15) (5) QUESTION 4 4.1. Explain the costs associated with location decisions. 4.2. Describe the requirements for implementing decision-making in a total quality environment
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