What is your assessment of the forecasting methods used

Assignment Help Operation Management

Reference no: EM131724927

Please complete the following problem.

Month 1 , 2, 3, 4, 5, 6, 7, 8, 9, 10 , 11, 12

Dmd 62, 65, 67, 68, 71, 73, 76, 78, 78, 80, 84, 85

1. Develop forecasts for period 13 using, a 2- period moving average, a weighted moving average ( Wt-1= 0.7 and Wt-2= 0.3), and exponential forecast ( alpha= 0.20.

2. Evaluate the quality of the forecasts using, Bias, MAD, MAPE.

3. What is your assessment of the forecasting methods used?

Reference no: EM131724927

Questions Cloud

Governs regulatory compliance of the manufacturer : Which administrative agency governs regulatory compliance of the manufacturer?

General education courses-foundation courses-major courses : An online university has a stable student population of 20,000 over the years. General education courses, Foundation courses, Major courses.

Counterpart in commercial entrepreneurship : Which of the following statements does not describe difference between a social entrepreneurial opportunity and its counterpart in commercial entrepreneurship?

Calculate coefficient of variation for newsstand and pilots : Calculate the coefficient of variation for newsstand and for pilots.

What is your assessment of the forecasting methods used : Evaluate the quality of the forecasts using, Bias, MAD, MAPE. What is your assessment of the forecasting methods used?

Personality tests to make recruiting and promotion decisions : Do you think employers should use integrity and personality tests to make recruiting and promotion decisions? Why or why not?

What is the optimal order frequency : what is the optimal order frequency and order size from the combined orders?

The creation view of entrepreneurial opportunity : The “creation view” of entrepreneurial opportunity. Social entrepreneurship is a construct with three dimensions.

Dangers of allowing high levels of subjectivity in process : Why should performance management systems be as objective as possible? What are the dangers of allowing high levels of subjectivity in the process?

User Account

All Pages