Calculate a tracking signal for months, Operation Management

Assignment Help:

The classified department of a monthly magazine has use a combination of qualitative and quantitative methods to forecast sales of advertising space. Results over a 20 month period are as follows. Month Error 1 -8 2 -2 3 4 4 7 5 9 6 5 7 0 8 -3 9 -9 10 -4 11 1 12 6 13 8 14 4 15 1 16 -2 17 -4 18 -8 19 -5 20 -1 a). Compute a tracking signal for months 11 through 20. Compute an initial value of MAD for month 11, and then update it for each month using exponential smoothing of alpha =.1. What can you conclude assuming limits of plus or minus 4. b). using the first half of the data, construct a control chart with 2s limits. What is the implication of this?


Related Discussions:- Calculate a tracking signal for months

Evaluate the team''s performance, Question: CASE STUDY You have been...

Question: CASE STUDY You have been newly appointed as team leader of a Management department consisting of 5 team members. The team has not been performing well in the pa

Assess the vital of completing post-project reviews, Assess the importance ...

Assess the importance of completing post-project reviews, and determine what project documentation must be updated as the result of the review meeting. Discuss the risks associated

Organizational goals, outline major benefits of organizational goals and d...

outline major benefits of organizational goals and describe the situation in which have observe the benefiys

Explain considerations in designing organisation structure, Explain main co...

Explain main considerations while designing the organisation structure. While designing the organisation structure, there are two major considerations:  - Differentiation an

What is espirit de corps, What is Espirit de Corps? The principle of ma...

What is Espirit de Corps? The principle of management which emphasizes the requirement for teamwork among employees is termed as Espirit de Corps.

Explain bagel has a competitive advantage, After viewing the video, do you ...

After viewing the video, do you think Finagle a Bagel has a competitive advantage? If so, what is it? If not, why not?

Find the probability that both service clerks are busy, Discounts Wholesale...

Discounts Wholesale Club has two service desks, one at each entrance of the store. Customers arrive at each service desk at an average of one every six minutes. The service time at

How to increase customer satisfaction, Question: (a) Show how supply ch...

Question: (a) Show how supply chains can be managed more effectively to provide more effective service delivery in order to increase customer satisfaction, while also increasin

Financial management, how can business cycle be applied in business to day ...

how can business cycle be applied in business to day for example poultry compare broilers

What factors are likely cause faults in valuing google stock, The managemen...

The management and Directors of Google have stated that there is no plan for Google to ever pay dividends. Yet, the stock trades at a very high price in dollar terms (around $490 p

Write Your Message!

Captcha
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