Question: A- You have used six different forecasting techniques on the item you are trying to forecast future demands on. You have calculated the Mean Absolute

A-

You have used six different forecasting techniques on the item you are trying to forecast future demands on. You have calculated the Mean Absolute Deviation (MAD) for each forecasting method and the results are listed below. Based on the MAD, which forecasting technique would be most appropriate?

Forecasting technique MAD
1 month moving average 5
2 month moving average 6
3 month moving average 4
Exponential Smoothing =.2 5
Exponential Smoothing =.4 4
Linear Regression 3

options:

Linear Regression

Exponential Smoothing =.2

3 Month Moving Average

1 Month Moving Average

2 Month Moving Average

B-

You have 5 jobs to process. What is the makespan if you do them in the current order?

Job Processing Time Days Due from Today
A 20 24
B 23 15
C 22 40
D 14 28
E 10 16

options:

89

83

80

79

70

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!