User Account

All Pages

Which of these two methods has the greater accuracy

Assignment Help Operation Management
Reference no: EM13913027

An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation is Ft = 124 + 2 t, and it was developed using data from periods 1 through 10. Based on data for periods 11 through 20 as shown in the table, which of these two methods has the greater accuracy if MAD and MSE are used?
t Units Sold
11 ............ 147
12 ............ 148
13 ............ 151
14 ............ 145
15 ............ 155
16 ............ 152
17 ............ 155
18 ............ 157
19 ............ 160
20 ............ 165

Reference no: EM13913027

Questions Cloud

Prepare a common-size income statement : Prepare a common-size income statement and balance sheet for McDonough Products. The first column of each statement should present McDonough Products common-size statement, and the second column should show the industry averages.
Long life insurance has developed a linear : Long Life Insurance has developed a linear model that it uses to determine the amount of term life insurance a family of four should have, based on the current age of the head of the household
Compute the mse and mad for each forecast : Compute the MSE and MAD for each forecast. Does either forecast seem superior? Explain Compute MAPE for each forecast.
Which forecast appears to be more accurate : Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? Explain.Compute the MSE for each set of forecasts. Given your results, which forecast appears to be more accurate?
Which of these two methods has the greater accuracy : An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. which of these two methods has the greater accuracy if MAD and MSE are used?
What sales would you predict for the first : What sales would you predict for the first quarter of next year? Quarter relatives are SR1 = 1.10, SR2 = .99, SR3 = .90, and SR4 =1.01.
What action might management consider based : Assuming no proactive approach on the part of management, discuss (no calculations necessary) how you would forecast sales for the first three months of the next year. What action might management consider based on your findings in part b?
Which method would you suggest using to predict : A pharmacist has been monitoring sales of a certain over the counter pain reliever. Daily sales during the last 15 days were Which method would you suggest using to predict future sales a linear trend equation or trend-adjusted exponential smoothing..
Obtain estimates of daily relatives for the number : Obtain estimates of daily relatives for the number of customers at a restaurant for the evening meal, given the following data. Use the centered moving average method.

Reviews

Write a Review

Operation Management Questions & Answers

  Calculated on the forward pass of a project network

What values are calculated on the forward pass of a project network?

  Performance administration-personal development

Performance Administration, Personal Development, Professional Development and Organizational Development list the characteristics of Human Resource Development for each part with examples of each component list your answers to the role of Human Reso..

  Case study on manufacturing plant network setup

You will be presented with a situation showing the details of how a company is currently working, a manufacturing plant with various stand-alone computers and printers

  Write paper on jeff bowling at the delta companies

Jeff bowling at the delta companies- from baseball coach to ceo

  Discuss some of the aspects of the transfer of training

discuss some of the aspects of the transfer of training. What are the primary factors that play a role in the success of the process? How can

  Legal definition of consideration in the law of contracts

What is the legal definition of consideration in the law of contracts? In the normal contract, is it necessary that both parties to a contract provide consideration to the other? Must consideration exchanged in a contract be fair in order for the con..

  Discuss the role of sensitivity analysis in lp

Discuss the role of sensitivity analysis in LP. Under what circumstances is it needed and under what conditions do you think it is not necessary?

  Ways to encourage efficiency and operational cost

Organizations across the country are looking to improve on how health care is delivered. Keeping safety and quality in mind, administrations have looked to other industries for ways to encourage efficiency and operational cost reduction.

  Which of the following stages of the information processing

You are trying to concentrate during an examination but you get distracted by the sound of another student tapping her pencil on her desk. Which of the following stages of the information processing model are you in?

  Define organizational change management strategies

Any required organizational change management strategies that would enhance successful implementation. Key success factors, budget, and forecasted financials, including a break-even chart

  Identify aspects of managing and using performance data

Identify three aspects of managing and using performance data so that it is useful to the organization. Provide an example of each aspect.

  What would be the break -even number of units

If the company had an option to buy the same part at $2 per unit, what would be the break -even number of units?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd