The result of a simple forecast combination

Assignment Help Operation Management
Reference no: EM131718571

Mary, Susan, and Sarah are running a beach boutique on the board walk of Ocean City. Their favorite product is a red lifeguard hoody. Mary believes it will sell 337 times next season. Susan forecasts sales of 533, and Sarah forecasts 180.

What would be the result of a simple forecast combination? (Round to two decimal places).

Reference no: EM131718571

Questions Cloud

Alternative that leads to the most preferred outcome : Draw a Tree. Consider the following situation, diagram it as a decision tree, and select the alternative that leads to the most preferred outcome:
Where the arcs are listed as pairs of nodes : Another way to specify a weight graph is to list the nodes and the arcs, where the arcs are listed as pairs of nodes.
Procedures do you recommend to avoid this type of litigation : As the Human Resource Manager for UPS, what policy and procedures do you recommend to avoid this type of litigation?
What are netflix capabilities and resources : What are Netflix's capabilities and resources? How effective are they in terms of competitive advantages?
The result of a simple forecast combination : What would be the result of a simple forecast combination?
Key types of strategies available to firms : Identifies, defines, and exemplifies 11 key types of strategies available to firms.
Explain the significance of the louise brown birth : Discuss and Explain the significance of the Louise Brown birth and what were the critical ethical questions surrounding the process of her birth?
Construct an aggregate production plan for product : You would like to construct an aggregate production plan for product X341 for the next four quarters.
Is the packaging process capable : One day, the packet-filling process average weight drifts down to 42.0 grams. Is the packaging process capable?

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