What is the mean absolute deviation

Assignment Help Operation Management
Reference no: EM132348850

Below are the forecasts and actual demands for the first three months. 

What is the Mean Absolute Deviation (MAD) for these three months?

Month 1 Forecast 14 Actual10

Month 2 Forecast 14 Actual16

Month 3 Forecast 11 Actual13

Reference no: EM132348850

Questions Cloud

Briefly describe a project : Briefly describe a project and Give examples of the following as they pertain to the project: the work breakdown structure,tasks, sub-tasks, and work package?
Implementing change in an organization : When it comes to implementing change in an organization, What are some data gathering and measuring tools or practices that can be used?
How is the operations structured : What type of business and industry is Toyota Motors Manufacturing?
Six different forecasting techniques : You have used six different forecasting techniques on the item you are trying to forecast future demands on. You have calculated the Mean Absolute Deviation
What is the mean absolute deviation : Below are the forecasts and actual demands for the first three months.
A good salesperson can sell any customer : 1. "A good salesperson can sell any customer." Do you agree? Why or why not?
Justify argument with some evidence : Briefly describe why operation management is so important in your company that you are currently working. Justify your argument with some evidence.
Please provide an example from your personal life : Please provide an example from your personal life (or work experience) where increased Emotional Intelligence would have enhanced communication.
Importance of managing systems and processes : Clearly state the importance of managing systems and processes in order to achieve effective and efficient production and operations.

Reviews

Write a Review

Operation Management Questions & Answers

  Benefits and risk of caterpillar line extensions

What are some of the benefits and risk of Caterpillar’s line extensions?

  Pay structures

Pay Structures Please respond to the following: Argue for or against the argument that pay grades limit a company’s ability to achieve competitive advantage. Support your position.

  Commonly occur in the macro environment facing companies

Describe some changes that commonly occur in the macro environment facing companies today.

  What does project failure mean

Put the five project management process groups in order from the one that generally requires the least work to the one that requires the most.

  Conduct an environmental scan or swot analysis

Conduct an environmental scan or SWOT analysis of Azul Linhas Aéreas Brasileiras's current reality and recommend whether the company's current strategy is poised to succeed.

  Financial and managerial accounting are similar

Financial and managerial accounting are similar in that both:

  Discuss what ouchi meant with that analogy

In writing about types of control, William Ouchi said, “The Market is like the trout and thee clan like the salmon, each a beautiful highly specialized species which require uncommon conditions for its survival in comparison, the bureaucratic method ..

  Paraphrased and quoted material must have accompanying

Select one of the benefits of using the scientific method, and describe why it is beneficial.  Your response should be a minimum of 200 words in length. . All sources used, including the textbook, must be referenced; paraphrased and quoted material m..

  Describe how you believe technology businesses

Describe how you believe technology businesses differ from non-technology businesses?

  Do you think customer feedback is important

Do you think customer feedback is important because they are the ones who can make or break the company?

  What is total vehicle life cycle cost of this hybrid car

What is the total vehicle life cycle cost of this hybrid car given the information provided in the following? table?

  What are some creative benefits organizations can offer

When salary increases are not an option due to economic factors or slow organizational growth, what are some creative benefits organizations can offer?

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