Question: question 7 and 8 please QUESTION 7 A forecasting method has produced the following over the past six months. What is the meen absolute deviation?

question 7 and 8 please

QUESTION 7 A forecasting method has produced the following over the past six months. What is the meen absolute deviation? Month Forecast 2 Actual 15 Jan Feb 8 10 March 4 April 14 May 7 20 June 11 10 QUESTION 8 A time-series trend equation is 25.3+21 x. What is your forecast for period 10? Come allantiers 9 6

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!

please help fast! A forecasting method has produced the following over the past five months. What is the mean absolute deviation? Month Forecast Actual Jan 8 12 11 Feb 10 7 4 March April May 7 14 2 6

39 Activity F has one predecessor activity: Activity E. The EF (early finish) of Activity E is 18. Therefore, the ES (early start) of Activity Fis: 01.24 02.18 03.6 04.12 40 A forecasting method has...

The three major types of forecasts used by organizations in planning future operations are: A) strategic, tactical, and operational. B) economic, technological, and demand. C) exponential smoothing,...

QUESTION A forecasting method has produced the following over the past five months. What is the mean squared error (MSE)? Month Forecast Actual Jan 4 Feb 10 March 5 April 1 May 8 Ba 10 4 14 6...

A given forecast has a RSFE (running sum of the forecast errors) of 50. The forecast has an MAD of 30. The tracking signal is: 01. 2.67 02. 1.97 03. 0.75 04.1.67 2 A forecasting method has produced...

subject: operations management Book: Managerial Decision Modeling with Spreadsheets : Balakrishnan Render Stair : Third Edition Question 1 (3 points) A cake factory can produce cakes at the rate of...

QUESTION 23 A forecasting method has produced the following over the past five months. What is the mean squared error (MSE)? Month Forecast Actual Jan 14 8 Feb 5 10 March 7 4 April 10 14 May 20 6...

QUESTION 16 6 A forecasting method has produced the following over the past six months. What is the mean absolute deviation (MAD)? Period Forecast Actual 1 48 2 9 52 3 4 74 14 62 5 55 61 68 4 1 6...

Question 1 John's House of Pancakes uses a weighted moving average method to forecast pancake sales. It assigns a weight of 4 to the previous month's demand, 2 to demand two months ago, and 2 to...

Directions: Please answer the following questions on a separate piece of paper. Where appropriate, use the data in the following tables to answer the questions which reference them. SHOW ALL WORK!!!...

The trial balance for The Bolt Co. as of January 1, 2016, was as follows: The following events affected the company during the 2016 accounting period: 1. Purchased merchandise on account that cost...

Goforth Company produces a product where all manufacturing inputs are applied uniformly. Goforth produced the following physical flow schedule for April: Units to account for: Units in BWIP (40%...

16. What determines the amount of memory allocated to an EXE program?

Read the articles on journaling and review the template provided. Identify what approach, to journaling, in the articles you found useful and why. Post to the discussion forum that you have reviewed...