Linear trend equation and the naive approach

Assignment Help Operation Management
Reference no: EM132186331

An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation is Ft = 123 + 1.9t, and it was developed using data from periods 1 through 10. Based on data for periods 11 through 20 as shown in the table, which of these two methods has the greater accuracy if MAD and MSE are used? (Round your intermediate calculations and final answers to 2 decimal places.)

t Units Sold

11 146

12 147

13 150

14 145

15 157

16 149

17 155

18 158

19 160

20 167

MAD (Naive) ______

MAD (Linear) _______

MSE (NAIVE) _______

MSE (Linear) ________

Reference no: EM132186331

Questions Cloud

What does selling intelligence suggest to you : What does "selling intelligence" suggest to you? Does it mean putting a price tag on the products? Or does it mean something different?
Most rapidly advancing technologies customers : Explain some of the most rapidly advancing technologies customers are seeking out.
Calculate the depreciation deduction and book value : Calculate the depreciation deduction and book value for each year using MACRS-GDS allowances.
SWOT analysis breakdown : Identification of area(s) needing to be corrected or improved and individuals or departments involved. (one page) What is the current organizational structure,
Linear trend equation and the naive approach : An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach.
Develop an expression that summarizes delivery charges : Develop an expression that summarizes delivery charges.
Analysis of any article regarding ethics in business : Write a 1-2 page synthesis, summary, and analysis of any article regarding ethics in business.
You have purchased or plan to purchase new vehicle : Many of you have purchased or plan to purchase a new vehicle. This process can be very trying and lengthy.
Forecast september sales volume : Forecast September sales volume. The naive approach. Naive approach thousands.

Reviews

Write a Review

Operation Management Questions & Answers

  How you would organize the screening force

As a follow-on to DQ1, validate a plan as to how you would organize the screening force be it federal, privatized, or a combination of the two.

  How do you use technology in your daily life

Information technology is the process of using computers or computing devices to obtain and handle information and data. Using this technology is something that is performed daily by people all over the world. What is the impact of information tec..

  Creating value for customers

Creating Value for Customers. how you think the company creates value for its customers based on the concepts in this week's readings.

  Modify the spreadsheet model to include new product

In PC Tech's product mix problem, assume there is another PC model, the VXP, that the company can produce in addition to Basics and XPs. Modify the spreadsheet model to include this new product, and use Solver to find the optimal product mix

  What corporate social responsibility theory would operating

The traditional view of corporate responsibility is that a corporation has no additional social responsibility beyond making a profit for its shareholders.

  Difference between synchronous-asynchronous training format

What is the difference between synchronous and asynchronous training format? What are the advantages of web-based training/knowledge management?

  Should people under 18 be subjected to legal curfews

Should people under 18 be subjected to legal curfews or restricted driving privileges?

  Compensation is one of the largest expenses for organization

As we continue to stress, compensation is one of the largest expenses for organizations. So management has responsibility to ensure return from this investment.

  Contrast traditional systems development life cycle phases

Compare and contrast traditional systems development life cycle (SDLC) phases with rational unified process (RUP) phase.

  Describe your action plan for how you would achieve goal

Describe your action plan for how you would achieve that goal.

  What is impact of all these dead-beat relatives occupying

What is the impact of all these dead-beat relatives occupying the place? What is the impact of spending a lot of time making repairs while at the vacation home?

  Optimal total cost of inventory

Full Court Press: FCP, Inc. buys slick paper in 1500 pound rolls for textbook printing. Annual demand is 1920 rolls. The cost per roll is $1000, and the annual holding cost is 15 percent of the cost. The ordering costs are $250 per order. Optimal tot..

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