Describe appropriate technique to develop a forecast, Operation Management

Assignment Help:

Air travel Mountain Airlines for the past 18 weeks was: Week Passengers 1 405 2 410 3 420 4 415 5 412 6 420 7 424 8 433 9 438 10 440 11 446 12 451 13 455 14 464 15 466 16 474 17 476 18 482 a. Explain why an averaging technique would not be appropriate for forecasting. b. Use an appropriate technique to develop a forecast for the expected number of passengers for the next three weeks. (Teacher said Linear Trend Model) The teacher wants us to use the linear trend model.


Related Discussions:- Describe appropriate technique to develop a forecast

Discuss regarding the interval estimate, Increasing the size of the samples...

Increasing the size of the samples in a study to estimate the difference between two population means will increase the level of confidence that a decision maker can have regarding

Explain the 5-s practice, Explain the 5-S practice for improving both the p...

Explain the 5-S practice for improving both the physical and thinking environment of an organisation. The 5-S practice is an approach to achieving an organised, clean and stand

Why is this an vital concern for all businesses today, 1)What should you do...

1)What should you do after the fact when your company's information security has been breached? 2)what can you do to protect your company's data from unauthorized access? 3)W

Define a solid business strategy includes, 1.__?__________ are the basic un...

1.__?__________ are the basic unit of analysis and the focus of nonmarket action 2. The market environment of business includes___________.? 3. Firms typically deal with nonm

Increasing pace of change - service operations management, Increasing Pace ...

Increasing Pace of Change - Service Operations Management The establishment of service operations management. Total quality management (TQM) widely adopted, ISO 9000, theory o

Describe tech theme for smartphones, Explain tech theme for smartphones. Gi...

Explain tech theme for smartphones. Give some examples

Explain how do you define strategy, • How do you define strategy? • Have...

• How do you define strategy? • Have you ever held a position that had direct responsibility for strategy formulation or execution? • What was your role in strategy for that

Define why is it best not to enter a percentage completion, Answer the foll...

Answer the following questions: 1) Why is it best not to enter a percentage (%) completion? 2) According to your Project Summary, is this project on schedule? Will you be ove

Describe maintain your organization''s competitive edge, Identify changes i...

Identify changes in forecasting methodologies and approaches (for practices such as contracting, advanced payments, outsourcing to fix a price, continuous and fixed budgeting, simu

Use of confidence interval calculator and the area gas, To complete this sc...

To complete this scenario, use the Confidence Interval Calculator and the Area Gas Prices %u2013 Random Sample documents, provided in the Resources. The Minneapolis Star Tribune

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