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

An operation analyst is forecasting this year's demand for one of his company's products based on the follow historical data: The previous trend line had predicted 18,500 for two years ago, and 19,700 for last year. What was the mean absolute deviation (MAD) for these forecasts? a. 100 b. 400 c. 500 d. 200

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!

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...

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...

A project has four major activities. Activity A precedes activity B, activity C precedes activity D. 3-point estimates for activities are A(8.5, 17, 25.5 ), B( 3.5, 7, 10.5 ), C( 2, 2, 2 ), D( 4, 4,...

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....

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...

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...

I am working on the Dupont Buyout Case study, I see documents uploaded by by Jameszs- I am wondering how he arrived at the answers in the tables he provided. Is there an excel spread sheet that I can...

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...

Which is the most appropriate equations for the vertical and horizontal asymptotes: 10- y 5- -4 -5+ -10- O Vertical asymptote: 1; horizontal asymptote: y = 0 4, %3D Vertical asymptotes: none;...

The Desk Accountancy has decided take measures to protect the environment and save the company money. The company will cease the free and subsidized parking at Admiralty, Fortress Hill, Shatin and...

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...