Question: An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data: The previous trend line has

An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data: The previous trend line has predicted

18, 500

for two years ago, and

19, 700

for last year. What was the mean absolute deviation for these forecasts?

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!

17. An operation analyst is foreca sting this year's demand for one of his company's products based on the following historical data: (4 year ago Quantity sold was 10359), (3 year ago Quantity sold...

Question 37 An operation analyst is forecasting this year's demand for one of his company's Not yet products based on the following historical data: (4 year ago Quantity sold was 10929), answered (3...

hi, I need help doing the quarterly proforma for Comfort Zone, I have attached the case and the excel template for the proforma. Please, make sure to use the information from the case. thank you....

deacribe the main findings of this paper 400 words (be clear on what the analysis involved says, interpret results, or if you could redo the study, what other varaibles or questions would you...

In January 2012, Ellen Kullman, CEO and chairman of DuPont, was reviewing an internal report on the company's Performance Coatings division. A month earlier, she had dismissed rumors that the...

One important measure of workers' performance is their attendance record. A personnel manager at a large company with a serious absenteeism problem undertook a two-year study. She took a random...

Just some points on the main findings of the paper/ what the results mean! 6 67% + T Applying Regression Models to Predict Business Results Jelena Rusov PhD Student Durereado, grade Mirjana Misita...

Standard Cost and Variance Analysis Complete this matrix by providing reasons why you agree and disagree with each of the following author?s statements (shown on page 17 of the ?Standard Cost and...

Provide at least 2 reasons why you agree and 2 reasons why you disagree with the following author?s statements (shown on page 17 of the article). Support your arguments with at least 125 words for...

Continuing the previous problem, suppose that when Sleaze overcharges a customer, the distribution of the amount overcharged (expressed as a percentage of the correct billing amount) is normally...

Two aligned sequence for the same gene differ by four substitutions, all transitions. Two more sequences for the same gene also differ by four substitutions, two transitions, and two transitions....

Suppose Rocky Brands has earnings per share of $ 2 . 3 4 and EBITDA of $ 3 0 . 1 million. The firm also has 5 . 6 million shares outstanding and debt of $ 1 1 5 . 3 million ( net of cash ) . You...

ssignment 1100 Marks 1. Company A has a bond outstanding that pays a 7% coupon. The interest is paid semi-annually, and the bond matures in 10 years. If the market rate of interest on bonds of...