Calculate my mean for each is demand and forecast

Assignment Help Operation Management
Reference no: EM131746690

If my Demand total for 3 weeks is 3400, forecast for 3 weeks is 3600, error for 3 weeks is -200, and my absolute error for 3 weeks is 600 I can calculate my Mean for each is the following: Demand = 1133.333 Forecast = 1200 Error = 200 What is the MAPE?

Reference no: EM131746690

Questions Cloud

Redesign of a transmission component : More hypotheses. Write the null and alternative hypotheses you would use to test each of the following situations.
What is deontological ethics and consequentialist ethics : What is deontological (or rules based) ethics? What might be the limitations of this approach to ethics? What is consequentialist ethics?
Function of its capital investment : "The amount of product a firm can produce in one week as a function of its capital investment K and its labor L and is given by x = v(KL)
Convert the best three actions into practical alternatives : Convert the best three actions into practical alternatives (i.e.How will you apply the alternatives you’ve chosen to the situation?)
Calculate my mean for each is demand and forecast : calculate my Mean for each is the following: Demand = 1133.333 Forecast = 1200 Error = 200 What is the MAPE?
Problem for the overall banking system : When can we say that a withdrawal of cash from a bank, or a loss due to bad investment by the bank, will not be a problem for the overall banking system?
Learned from the software acquisition class : Compare what you have learned from the Software Acquisition class & how it is applicable to the ‘Phoenix project book’.
Diversity creates the potential for more workplace conflicts : Identify six reasons why diversity creates the potential for more workplace conflicts.
Misconception about contribution : According to Stone, Patton, and Heen, which of the following is not a misconception about contribution?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd