Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Dec 16, 2023

The forecasts in the last four periods were 15, 22, 31, and 25 units. The actual demands were 14, 27, 38, and 28 units. What

The forecasts in the last four periods were 15, 22, 31, and 25 units. The actual demands were 14, 27, 38, and 28 units. What is the mean absolute deviation for this forecast?

Step by Step Solution

★★★★★

3.44 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

To find the mean absolute deviation MAD for a forecast you ... 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

Introduction To Management Science A Modeling And Cases Studies Approach With Spreadsheets

Authors: Frederick S. Hillier, Mark S. Hillier

5th Edition

978-0077825560, 78024064, 9780077498948, 007782556X, 77498941, 978-0078024061

More Books

Students also viewed these General Management questions

Question

★★★★★

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...

Answered: 1 week ago

Question

★★★★★

a. Mark first asks you to forecast daily demand for the next week using the data from the past 13 weeks. You should make the forecasts for all the days of the next week now (at the end of week 5),...

Answered: 1 week ago

Question

★★★★★

Mark Lawrencethe man with two first nameshas been pursuing a vision for more than two years. This pursuit began when he became frustrated in his role as director of human resources at Cutting Edge, a...

Answered: 1 week ago

Question

★★★★★

Sound waves with frequency 3000 Hz and speed 343 m/s diffract through the rectangular opening of a speaker cabinet and into a large auditorium of length d = 100 m. The opening, which has a horizontal...

Answered: 1 week ago

Question

★★★★★

Figure P12.15 shows a claw hammer as it is being used to pull a nail out of a horizontal board. If a force of 150 N is exerted horizontally as shown, find (a) The force exerted by the hammer claws on...

Answered: 1 week ago

Question

★★★★★

Nursing management has been tasked with building a new team to address methods that can be used to promote health education in the clinical setting. Members of the previous team were all from the...

Answered: 1 week ago

Question

★★★★★

Prove the following, which is a more general form of Markovs inequality than the one given in Proposition 4.11. Let X be a random variable that takes nonnegative values and for which E(Xk) exists for...

Answered: 1 week ago

Question

★★★★★

Use the data in MEAP00_01.RAW to answer this question. (i) Estimate the model mathA = (0 + (1 lunch + (2 log(enroll) + (3log(exppp) + u by OLS and obtain the usual standard errors and the fully...

Answered: 1 week ago

Question

★★★★★

Complete the example and explain why the heat transfer rate should be constant in this situation

Answered: 1 week ago

Question

★★★★★

A local department store is having a BoGoHo (Buy One, Get One Half Off) sale. The store manager wants a program that allows the salesclerk to enter the prices of two items. The program should...

Answered: 1 week ago

Question

★★★★★

All groups that are involved in the change need to be represented during the transition management phase. Question 25 options: True False

Answered: 1 week ago

Question

★★★★★

Continuing to get 0 output on this code, getting near a zero everytime I run it but I know my tests are right, Help? #include #include #include using namespace std; class Submission { public: /*...

Answered: 1 week ago

Question

★★★★★

Why did I get ERROR 1050 (42S01) at line 1: Table 'address' already exists? What am I doing wrong? Home O8 https://learn.zybooks.com/zybook/DAT_380_56255883/chapter/5/section/7 =zyBooks My library >...

Answered: 1 week ago

Question

★★★★★

Assuming that the matrix dimensions agree, create, and test MATLAB functions to evaluate the following simple mathematical functions with multiple input vectors and a single output vector. 1. z(x, y)...

Answered: 1 week ago

Question

★★★★★

Which of the following statements are true? i) The variance-covariance matrix has the corresponding covariances in the main diagonal. ii) The variance-covariance matrix can be used to estimate the...

Answered: 1 week ago

Question

★★★★★

Question 12 Identify the correct statement about an arm's-length transaction. 1 pts It is a transaction involving a party that is controlled by another entity and does not act on its own behalf. It...

Answered: 1 week ago

Question

★★★★★

uestion 10 ot yet answered larked out of 1.00 Flag question When a country's exports of goods are greater than its imports of goods in a given period, it has a Select one: O a. trade surplus. b....

Answered: 1 week ago

Question

★★★★★

Should we separate the debt and equity features of convertible debt? Team 1: Pro separation: Present arguments in favor of separating the debt and equity features of convertible debt. Team 2: Against...

Answered: 1 week ago

Question

★★★★★

a. For each of the three advertising media, draw a graph of the number of sales versus the number of advertisements by plotting the sales for the five points provided by Sid Jackowitz and then...

Answered: 1 week ago

Question

★★★★★

a. Given the bids, you need to assign one senior scientist to each of the five projects to maximize the preferences of the scientists. What are the assignments? b. Dr. Rollins is being courted by...

Answered: 1 week ago

Question

★★★★★

The board of directors of General Wheels Co. is considering seven large capital investments. Each investment can be made only once. These investments differ in the estimated long-run profit ( net...

Answered: 1 week ago

Question

★★★★★

In Year 1, as a result of routine testing, a city discovers that local wells are polluted. Investigation reveals that the source of the contamination is an abandoned waste dump...

Answered: 1 week ago

Question

★★★★★

What is a cost-sharing plan? Under the new rules, what will an employer that is a member of a cost-sharing plan have to report as a pension obligation?

Answered: 1 week ago

Question

★★★★★

What follows are the statement of revenues, expenses, and changes in net position, and the statement of cashows for Tucson, Arizona's eet services internal service fund. 1. How do you account for the...

Answered: 1 week ago

Previous Question Next Question