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 implement any change in strategy, 1. Describe how you think the hot...

1. Describe how you think the hotel's management will: (a) make sure that the way it manage the hotel is appropriate to the way it competes for business; (b) implement any change i

Explain minimize the cost of completing the survey, For a telephone survey,...

For a telephone survey, a marketing research group needs to contact at least 150 wives, 120 husbands, 100 single adult males, and 110 single adult females. It costs $2 to make a da

What must a short-term or long-term consequence make, What should a short-t...

What should a short-term or long-term consequence make a difference in resolving an ethical dilemma?

Explain the interest is compounded quarterly, Your company invests $50,000 ...

Your company invests $50,000 today at an annual interest rate of 4.00%. The interest is compounded quarterly. Calculate the first quarter interest, the total annual interest and th

Explain various health care plans, The first step in the Model of Scientifi...

The first step in the Model of Scientific Inquiry is to identify the question or problem needing further study. The following seven situations are typical everyday problems in busi

Explain turnover and low retention among expatriate employee, Utilizing Tex...

Utilizing Textbook Concepts Answer ALL of the Questions Below: 1. based on what you've learned this semester, why do you think there is high turnover and low retention among expatr

Explain must decide between two different forecasting tech, An analyst must...

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

Compute the holding period return for an investor, The prices for company A...

The prices for company A for the first quarter of 2007 are given below. The price of the stock on January 1, 2007 was $120. Find the holding period return for an investor who purch

Explain the type of business, Our text defines the four functions of a mana...

Our text defines the four functions of a management as Planning, Organizing, Leading and Controlling. Briefly put, the plan states the desired outcome or goal and the process for a

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