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

Assignment, transformation process in an organization

transformation process in an organization

LP, A PAPER MILL PRODUCES TWO GRADES OF PAPER VIZ., X AND Y. BECAUSE OF RAW...

A PAPER MILL PRODUCES TWO GRADES OF PAPER VIZ., X AND Y. BECAUSE OF RAW MATERIAL RESTRICTIONS, IT CANNOT PRODUCE MORE THAN 400 TONS OF GRADE X PAPER AND 300 TONS OF GRADE Y PAPER I

Explain damage and restrict water access, Please explain how you would hand...

Please explain how you would handle the following question: An environmental impact statement confirms that you are within your legal rights to build a hotel property in a scenic a

Explain is quality integrated into the walmart''s logistics, In a 2-3 page ...

In a 2-3 page paper answer the following question. Is quality integrated into the Walmart's logistics process?

Process planning procedure, Process Planning Procedure  The process pl...

Process Planning Procedure  The process planning procedure has the followings steps as shows in figure as

Pdf, types of manufacturing system and layout

types of manufacturing system and layout

Explain what is the relationship between swot and strategy, What is the rel...

What is the relationship between SWOT and Strategy? Provide real world examples. Additional research is necessary by using scholarly publications. Cite accordingly.

Explain what are the problems that walmart has faced, What are the problems...

What are the problems that Walmart has faced and what has the company done to address

Depict the project network using aon, Task time estimates for a production ...

Task time estimates for a production line setup project at Robert Klassens Ontario factory are as follows: Activity Time (in hours) Immediate Predecessors A 6.0 B 7.2 C 5.0 A D 6.0

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