Question: A good method of analyzing forecast errors for items with large demand numbers is_____ Choices: MAPE SMA MSE WMA MAD

A good method of analyzing forecast errors for items with large demand numbers is_____

Choices:

MAPE

SMA

MSE

WMA

MAD

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

The mean absolute deviation (MAD) is used to a seasonally adjust the forecast b. estimate the trend line . c. eliminate forecast errors d. measure forecast accuracy Accuracy in forecasting can be...

Q:

Market Demand Forecast Method Selection and Application: A Case Study in Hero MotoCorp Ltd. D K Choudhury Abstract: In this dynamic era, the market is very competitive and the demand for a product...

Q:

Market Demand Forecast Method Selection and Application: A Case Study in Hero MotoCorp Ltd. D K Choudhury Abstract: In this dynamic era, the market is very competitive and the demand for a product...

Q:

Assignment # 2 : Operations Management Planning ( 1 5 % of Final Grade ) Background information Simple Moving Average ( MA ) The simple moving average concept is based on the idea of averaging random...

Q:

MBA You can use any type of the database but you have to identify it and Put the source of this data. also you must use the rules that is mentioned in this chapter these some information from this...

Q:

1. One of the reasons Wal-Mart is such an efficient firm is because they utilize cross-docking and thus decrease their inventory carrying cost. (Points: 2) True False 2. Because it cannot generate...

Q:

At the beginning of chapter 8 there is a case study (Kimberly-Clark) discuss what you believe is the most effective actions the company took in their project to improve their forecasting and why. Be...

Q:

At the beginning of chapter 8 there is a case study (Kimberly-Clark) discuss what you believe is the most effective actions the company took in their project to improve their forecasting and why. Be...

Q:

informs Vol. 34, No. 3, May-June 2004, pp. 191-205 issn 0092-2102 \u0001 eissn 1526-551X \u0001 04 \u0001 3403 \u0001 0191 doi 10.1287/inte.1030.0068 2004 INFORMS Inventory Decisions in Dell's Supply...

Q:

What types of demand forecast models do you think you would need for your short-term planning and what decisions would each forecast support? Scenario: You are the regional operations manager...

Q:

Write MIPS code that adds a number in $t1 to the constant 100 and puts the result into $t3

Q:

A swimming pool has a rectangular base 14 ft. long and 28 ft. wide The sides are 6 ft. high and the pool is full of water How much work will it take to lower the water level 2 feet by pumping the...

Q:

An analyis that evaluates diflerential reverues and costs in erder be determine the delfereflial impact of incente of teo alkernative cournes of action is called q , analysis. a . horuontal b ....

Q:

tax professionals can add value by a)Learning to prepare as many different types of taxes as possible b)Saving their clients as much money as possible c)Becoming an expert in one type of tax return...