Calculate the mean absolute deviation, Operation Management

Assignment Help:

Since May of 2005, the purchase manager at a department store has been using a 4-period moving average to forecast sales in upcoming months. Sales data for the months of January through July are given in the table below.

Month Sales
Jan 65
Feb 65
Mar 41
Apr 50
May 63
Jun 38
Jul 72

Compute the mean absolute deviation (MAD) for the four-period moving average forecasts. The forecast values are calculated with an accuracy of two decimal digits. Specify the MAD as a whole number by rounding.

Related Discussions:- Calculate the mean absolute deviation

Explain what are they and how do lenders use them, Hatten (2009) discusses ...

Hatten (2009) discusses the of credit. What are they and how do lenders use them? As you consider the possibility of being an entrepreneur, which of the 5 Cs is most important for

Case an American Tragedy: How a Good Company Died?, Do you think that inade...

Do you think that inadequate strategic planning was a factor that resulted in the company''s asking for trade protection?

Explain a mechanistic and organic organization, Contrast a mechanistic and ...

Contrast a mechanistic and organic organization giving an example of each. What would a bureaucracy be more like, mechanistic or organic? Why?

Explain actual and forcasted demand level, The following are monthly actual...

The following are monthly actual and forcasted demand level for may through December for units of product manufactured by N. Month Actual demand Forecast demand May 100 102

Explain disadvantages of marketing a global product, Many firms try to mark...

Many firms try to market the same product as is in many different markets. The product is essentially the same, the only differences may be in packaging and messaging. What are

Explain function of operational leadership, Create a scenario that depicts ...

Create a scenario that depicts how the first line leader should act to fulfil the purpose and function of operational leadership in his or her area

Explain the egyptian god horus had the head of what creature, The Egyptian ...

The Egyptian god Horus had the head of what creature

Explain differentiation and low-cost strategies, Can you think of organizat...

Can you think of organizations that use a differentiation and low-cost strategies? 2. Specifically, what conceptual steps would you take to get from a differentiation or low-cost s

Explain generalized or specialized approach to work, To be a true strategi...

To be a true strategic partner, does HR need to take on a more generalized or specialized approach to work? Why?

Show list the four basic functions of law, List the four basic functions of...

List the four basic functions of law?

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages