Forecast the high temperature today

Assignment Help Operation Management
Reference no: EM132630176

1. Daily high temperatures in St. Louis for the last week were as follows: 76, 74, 78, 82, 75, 73, 78 (yesterday).

a. Forecast the high temperature today, using a 3-day moving average.

b. Forecast the high temperature today, using a 2-day moving average.

c. Calculate the mean absolute deviation based on a 2-day moving average.

d. Compute the mean squared error for the 2-day moving average.

e. Calculate the mean absolute percent error for the 2-day moving average.

Reference no: EM132630176

Questions Cloud

What is the labour productivity ratio : What is the multifactor productivity ratio for this course process?
How many kilos of materials will the company need : If Marigold Corp. plans to produce 470000 units during the 2016-2017 fiscal year, how many kilos of materials will the company need to purchase
Calculating the optimal order quantity : A company uses 240 boxes of typing paper each year. The company is trying to determine its optimal order quantity that will minimize its total inventory costs
Explain what the ratio would tell the owner : The video focuses on profitability, liquidity, efficiency, and stability of business. Given what you have learned about ratio analysis, choose one of the.
Forecast the high temperature today : 1. Daily high temperatures in St. Louis for the last week were as follows: 76, 74, 78, 82, 75, 73, 78 (yesterday).
Determine the new break-even point in units : The fixed costs are $740000 and the variable costs are 60% of the selling price. Determine the new break-even point in units
Find out demand level for spare parts : Based on this data and the multiplicative seasonal model, what will the demand level for spare parts in the spring of year 5?
Draw a decision tree showing the decisions : Draw a decision tree showing the decisions, chance events, and their probabilities, as well as the profitability of outcomes.
Explain disadvantages to using ratios in financial analysis : Using the Ashford University Library as a resource, find two articles that discuss financial ratio analysis. Identify two advantages and two disadvantages.

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