What should we do to the forecast model

Assignment Help Operation Management
Reference no: EM131278245

While monitoring the forecast values based on simple moving average method (averaging period = 5), the tracking signals are consistently coming out as large negative numbers (i.e., -14.0, -16.2, and -15.5). What should we do to the forecast model?

Reference no: EM131278245

Questions Cloud

Multidomestic strategy-global strategy-transnational strate : Assume you are in charge of developing a strategy for a multinational company selling products in many different countries around the world. Multidomestic strategy. Global strategy. Transnational strategy
Process is in control and centered at nominal : A process is in control and centered at nominal. Output from the process is normally distributed and the process capability index, Cp, equals 1.02. Determine the expected number of nonconforming units that will result from a production run of 20,000 ..
The mean time between failures for a watch battery : The mean time between failures (MTBF) for a watch battery is 36 months. Determine the following probabilities: a) the probability of failure before 36 months. b) The probability that a system which is composed of two such solenoids will fail within 3..
Assume the actual value and forecast value : Actual demands for the last four months are as follows. What are the forecast values for March, April, May, June and July based on exponential smoothing method with Alpha = 0.2? Assume the actual value and forecast value for March are the same.
What should we do to the forecast model : While monitoring the forecast values based on simple moving average method (averaging period = 5), the tracking signals are consistently coming out as large negative numbers (i.e., -14.0, -16.2, and -15.5). What should we do to the forecast model?
Three main modules that have individual reliabiliities : A computer has three main modules that have individual reliabiliities of .80,.90, and .90. Because of recent failures, management is now considering adding redundancy. Determine the reliability of the system with backups under these conditions: Each ..
Maintain its leadership in the video-game market : How would you use the adaptation model to advise Activision Blizzard on the best way to maintain its leadership in the video-game market?
Ensure adequate supplier performance in the future : The Alpha Omega Corporation The Alpha Omega Corporation, one of the world’s largest computer manufacturers, faced increasing challenges from a number of competitors for the market share needed for profitability and success. What is the basic reason t..
Arrival rate is poisson distributed : Gerry’s Gas Station has just one pump (and lots of waiting) in a very small town. During a normal day, customers arrive at Gerry’s on the average of 15 every two hours, while service takes just five minutes on the average. The arrival rate is Poisson..

Reviews

Write a Review

Operation Management Questions & Answers

  Managing change in guiding an organizational change

How can a leader use the Cummings and Worley's five dimensions of leading and managing change in guiding an organizational change?

  How can contingent employees help an organization

If forecasting is rarely exact, why should a firm bother doing it. How can contingent employees help an organization prepare for anticipated surpluses or shortages of workers

  Describe two different evaluation techniques

Describe two different evaluation techniques that you would want to use to evaluate your ideas. Have you ever used them before? If so, what was the outcome?

  Explain team designing a major physical facility renovation

Evaluate how listening affects a performance improvement team designing a major physical facility renovation in a healthcare organization.

  Does the stock price determine the direction of netflix

Based upon Netflix 2014 Annual Report Form 10-k filings, review and analyze Netflix key strategies. Describe what type of competitive advantage Netflix is currently pursuing? Is the strategy short- or long-term? Why? Does the stock price determine th..

  Explain the strategic objectives are measures for vision

Develop the strategic objectives for your new division of the existing business in a balanced scorecard format in the context of key trends, assumptions, and risks.The strategic objectives are measures of attaining your vision and mission.

  Explain the contracting process

How would you explain the contracting process to someone who had never heard of organizational development, why is this important.

  Organizations have both vision and mission statement

Should organizations have both a vision statement and a mission statement? If you were to lead an organization and you could have only one, a mission or vision statement, which would you choose and why?

  What is the p-e ratio and dividend yield

If an investor wishes to purchase 100 shares of FedEx with a bid price of $103.49 and an ask price of $103.50, how much could the investor expect to pay for the shares? What is the P/E ratio and Dividend Yield?

  Design a professional development program

Question: Assume that you have been assigned to design a professional development program to provide y our schools mentor teachers with knowledge about adult learning and development that will be valuable in helping them assist other teachers in t..

  Not catching fish or targeted species-low volume of fish

Create a decision map (see figure 5.10 as an example) that considers value creation and support processes in your map. Include in your decision map the choices for each of your satisfiers and dissatisfies from the previous project. Not catching fish ..

  Factors present in the environment

Factors present in the environment suggest that the health care market place may be evolving into a true retail market. Describe what factors are needed for this to be possible.

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