Find the mad for forecast

Assignment Help Operation Management
Reference no: EM13739402

Question 1

The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows.

Year   Mileage
1       3,100
2       4,000
3       3,500
4       4,000
5       3,700

(a) Forecast the mileage for next year using a 2-year moving average. Round your answer to the nearest whole number; for example,1234 .

(b) Find the MAD for your forecast in part (a). Round your answer to the nearest whole number; for example,123 .

(c) Use a weighted 2-year moving average with weights of .4 and .6 to forecast next year's mileage. (The weight of .6 is for the most recent year.) Round your answer to the nearest whole number; for example,1234.

What is the MAD of this forecast? Round your answer to the nearest whole number; for example,123.

(d) Compute the forecast for year 6 using exponential smoothing, an initial forecast for year 1 of 3,100 miles, and. Round your answer to the nearest whole number; for example,1234.

Reference no: EM13739402

Questions Cloud

Measurement of student outcomes : According to the vision statement of the Partnership for 21st Century Skills, education systems should pursue measurement of student outcomes that are:
How would you summarize your thoughts : Assignment: Think about the word 'race'. How would you summarize your thoughts, your experiences or observations about race into one sentence that has only six words? This sentence can be about your race, culture and/or ethnicity. Think about your ex..
What they suggest could potentially be done to desegregate : What they suggest could potentially be done to desegregate in their school OR describe what they know has been done over time to change perceptions.
Read through descriptions of daily activities and commonplac : Read through descriptions of daily activities and commonplace knowledge for lower, middle, and upper class people. Then put a check mark next to the things you know how to do, and then look to see how many check marks you have in each catergory.
Find the mad for forecast : Forecast the mileage for next year using a 2-year moving average. Round your answer to the nearest whole number; for example,1234 .(b) Find the MAD for your forecast in part (a). Round your answer to the nearest whole number; for example,123 .
Differentiating with learning menus : View the video Differentiating with learning menus. Use Voicethread, Present.me, Jing or YouTube to create either an audio or video discussion of the following and post the link from whichever digital tool you used in your response:
You are expected to research the necessary commands : You are expected to research the necessary commands by themselves. There are numerous web sites available that discuss Linux networking. You are expected to list your sources of information for the different tasks.
The basic needs of people in that society be addressed? : Consider a society without families. How would the basic needs of people in that society be addressed? How would the children be cared for, how would training and values be instilled? Who would fulfill the child's needs for love and care? How would p..
Components in the career and technical programs : Students in the MCTE program are required to select a research topic from one of ten components in the Career and Technical Programs of Study Design Framework. These components include the following.

Reviews

Write a Review

Operation Management Questions & Answers

  Explain the advantages and possible pitfalls of both

The CEO is leaning toward letting you make the call, but he wants you to convince him and the senior staff for that purpose. Which course will you choose? Explain the advantages and possible pitfalls of both, and make the argument that supports you..

  What was the labor productivity

Last week employees at Renee's Fashions worked 360 hours to produce 128 garments. Of these, 8 were seconds which were sold at the outlet store for $90 each. The remaining 120 garments were sold to retail distribution for $120 each. What was the la..

  Discuss tradeoffs between profitability, risk and control

What are the tradeoffs between profitability, risk, and control that should be considered when choosing between debt and equity?

  A manufacturer of auto parts

Unipart, a manufacturer of auto parts, is considering two different B2B marketplaces to purchase its MRO supplies. Both marketplaces offer a full line of supplies at very similar prices for products and shipping. Both provide very similar servi..

  Recommend that is claim is one for an intentional tort

Cortland want to sue Chandler in tort. Would you recommend that is claim is one for an intentional tort or negligence, and why? Which specific tort do you believe Cortland should pursue.

  Relevant concepts to the case of tamucc

Relevant concepts to the case of TAMUCC and make your recommendations of strategies in the business use of information and information technologies for TAMUCC to gain a competitive advantage.

  How might garrett''s cmroat tool be used

How might Garrett's CMROAT tool be used (or modified and used) in such as way as to help account for the impact of lost opportunities so as to direct management attention to the avoidance of interventions that are most threatening to potential..

  Find out the usefulness of various employment tests

Several types of controls on a switchboard you plan to design. Elucidate why you chose each control also create a storyboard that shows the switchboard layout.

  Write down some conditions under which business decisions

should a company make a decision based solely on probability instead of doing a research study? justify your answer.

  What should the manager at the bookstore do

Customers who come in ask for help at the information desk, but the shelf areas for the many schools, departments and courses are clearly marked, so most customers help themselves. Then they come to the cash registers to check out.

  In general what are the qualitative pros and cons for

a. in general what are the qualitative pros and cons for domestic sales of having multiple distribution centers and

  What kinds of business-level strategy is nestle pursuing

What kinds of competencies do itss CEO and managers possess that allows it to pursue these strategies?

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