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 measures has he taken to extend the brand, What did Roy Choi d...

What did Roy Choi do to build the Kogi BBq band? What measures has he taken to extend the brand? What would further expansion hurt Roy Choi'sefforts? Why?

Line balancing, What do you understand by “line balancing”? What happens if...

What do you understand by “line balancing”? What happens if balance doesn’t exist?

Functions, what are the functions of operation management?

what are the functions of operation management?

Productive system, To what extent should a productive system be process foc...

To what extent should a productive system be process focused or product focused?

Sink and tuttle strategic matrix - performance measures, Sink and Tuttle st...

Sink and Tuttle strategic matrix  Sink and Tuttle (1989) conducted a review of literature and identified several criteria for measuring a company. Their framework builds on th

Describe the importance of each in relation to outsourcing, List five consi...

List five considerations to consider when starting to define the scope of the business process outsourcing transaction and discuss the importance of each in relation to outsourcing

Kanban cards needed, A bottling plant fills 2,400 bottles every two hours. ...

A bottling plant fills 2,400 bottles every two hours. The lead time is 40 minutes and a container accommodates 120 bottles. The safety stock is 10 percent of expected demand. How m

Explain when the doctor dictates a decimal such as point1, What do you do w...

What do you do when the doctor dictates a decimal such as "point 1"?

Explain annual holding and order costs, Item Cost - $7.00 Order Cost - $283...

Item Cost - $7.00 Order Cost - $283.00 Annual Hold - 32% of item cost Annual Demand - 22,100 Average Demand - 442 per week Standard deviation of weekly demand 20 per week lead time

MB 0044 - Production and Operation Management, What do you understand by “l...

What do you understand by “line balancing”? What happens if balance doesn’t exist?

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