What is the mad of the forecast

Assignment Help Operation Management
Reference no: EM132735747

Consider the actual and forecast values contained in the table.

A. What is the MAD of the forecast?

B. Provide interpretation of this number.

Actual Forecast

10 10.8

13 13.6

17 16.3

19 19

22 21.7

26 24.5

28 27.2

29 29.9

32 32.6

35 35.3

 

Reference no: EM132735747

Questions Cloud

Efficiency of the production operation : Research the process of producing an expensive product (assume that it is something that must cost at least $1,000).
Define period cost and enlist ten examples with explanation : Define period cost and enlist 10 examples with explanation. Define cost Accounting and enlist 10 example of product cost with explanation
Design a simple class using uml notation : Describe the fundamental principles of object-oriented programming and Create a simple application based on UML design and the incremental development process
Estimate of the nominal interest rate on new bonds issued : The bonds sell at a price of $1,353.54, and the yield curve is flat. What is the best estimate of the nominal interest rate on new bonds issued in 5 years
What is the mad of the forecast : Consider the actual and forecast values contained in the table.
What is evergreen markup percentage : Statement the cost of goods sold per unit is $24.42. What is Evergreen's markup percentage based on cost of goods and based on variable cost per unit?
What is the bond capital gain or loss yield : A 10-year, 12% semiannual coupon bond with a par value of $1,000 may be called in 4 years at a call price of $1,060. What is the bond capital gain or loss yield
Analyze the various ways on compensating through incentive : Aread and analyze the various ways on compensating through incentives, namely, merit pay, piece rate pay / commission, and group incentives
Describe the theory of constraints : Describe the Theory of Constraints (TOC). How might the TOC be used to explain operating conditions at a business or organization you frequently visit

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