Question: What is the Mean Absolute Percent Deviation (MAPD) if the sum of the absolute forecast error over 12 periods is 174 and the cumulative demand

  1. What is the Mean Absolute Percent Deviation (MAPD) if the sum of the absolute forecast error over 12 periods is 174 and the cumulative demand over the same 12 periods is 1500?

    8.62%

    11.60%

    12.5%

    19.75%

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:

What is the Mean Absolute Percent Deviation (MAPD) if the sum of the absolute forecast error over 12 periods is 174 and the cumulative demand over the same 12 periods is 1500? 8.62% 11.60% 12.5%...

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:

Week Four Homework Assignment Ajax Manufacturing is an electronic test equipment manufacturing firm that markets a certain piece of specialty test equipment. Ajax has several competitors who...

Q:

PERIOD MONTH Demand Forecast 1 Jan ID-FI DF 177 2 Feb 69 3 Mar B4 4 Apr 162 ch May 189 6 June 129 7 July 168 8 August 90 9 September 165 10 October 102 11 November 90 12 December months Simple Moying...

Q:

PERIOD MONTH Demand Forecast 1 Jan ID-FI D-F 177 2. Feb 69 3 Mar 84 4 Apr 162 5 May 189 6. June 129 7 July 168 8 August 90 9 September 165 10 October 102 11 November 90 12 December Based on the...

Q:

Calculate three forecasts using the following data. First, for periods 4 through 10, develop the exponentially smoothed forecasts using a forecast for period 3 ( F 3) of 45.0 and an alpha of 0.4 ....

Q:

Calculate three forecasts using the following data. First, for periods 4 through 10, develop the exponentially smoothed forecasts using a forecast for period 3 ( F 3) of 120.0 and an alpha of 0.3....

Q:

G H 3 B C D E F 1 Period Product A Product B Product Product D Product E 2 1 96 107 164 168 217 3 2 98 94 156 200 190 4 103 98 161 194 184 5 4 97 100 155 177 196 6 5 104 95 152 172 185 7 96 106 155...

Q:

MGMT 330 Chapter 12 Problems #1) Calculate three forecasts using the following data. First, for periods 4 through 10, develop the exponentially smoothed forecasts using a forecast for period 3 (F3)...

Q:

ROGERS LTE 10:05 PM 58% Operations Management Sust... age. c) Calculate the mean absolute percent error for the two-day mov- ing average. PX 4.9 Dell uses the CR5 chip in some of its laptop...

Q:

Myron is a barber who does his own accounting for his shop. When he buys supplies he routinely debits Supplies Expense. Myron purchased $1,500 of supplies in January and his inventory at the end of...

Q:

What is the value of 0? Interpret this value.

Q:

A customer pays a company $ 1 , 8 0 0 in advance of a future order. What is the impact on income from this event? Cannot be determined with the information provided. throme increases by $ 1 , 8 0 0...

Q:

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...