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

Explain characteristics of a mature group, Identify and discuss the four di...

Identify and discuss the four distinguishing characteristics of a mature (well-functioning) group. Give an example of a mature group you have participated in and the application of

Explain what will be dividend pay-out ratio, Axel telecommunications has a ...

Axel telecommunications has a target capital structure that consists of 70% debt and 30% equity. The company anticipates that its capital budget for the upcoming year will be $3mil

Process design, Process Design New product is not realities unit they...

Process Design New product is not realities unit they are manufactured. Process design is necessary to manufacture new products. Process design is concerned with the overall

Forecasting, The cafeteria supervisor at CarWash is interested in developin...

The cafeteria supervisor at CarWash is interested in developing a forecast model for the number of meals to be prepared each day. The following daily data from the cafeteria’s regi

Describe the legal and ethical issues surrounding solyndra, Discuss the leg...

Discuss the legal and ethical issues surrounding Solyndra, the California based solar panel manufacturer. You will need to research the company through the University library. Inco

Define whether each of the following is sufficiently support, Explain wheth...

Explain whether each of the following is sufficiently supported by consideration to be a contract. Provide examples, laws, or other relevant information to support your answer. Mag

Answer, What happens if balance doesn’t exist?

What happens if balance doesn’t exist?

Explain steps in project completion have been finalized, Explain to a new p...

Explain to a new project manager how you ensure that all steps in project completion have been finalized

Cellular manufacturing, Hi, How to design a cell layout after forming the p...

Hi, How to design a cell layout after forming the part families and machine routing sequence. Is there any algorithm/heuristics/ mathematical models available to do it ? Please hel

Explain strategic decisions influence the power of the party, Determining t...

Determining the bargaining unit occurs before certification is obtained whereas determining the bargaining structure occurs after, but both strategic decisions influence the power

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