Explain different forecasting techniques, Operation Management

Assignment Help:

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 Ft = 125 + 2.0t, and it was developed using data from periods 1 through 10. Based on data for periods 11 through 20 as shown in the table, which of these two methods has the greater accuracy if MAD and MSE are used? (Round your answers to 2 decimal places.) t Units Sold 11 148 12 150 13 149 14 146 15 156 16 148 17 156 18 154 19 159 20 163 MAD (Naive) MAD (Linear) MSE (Naive) MSE (Linear)


Related Discussions:- Explain different forecasting techniques

Explain direct effects and indirect effects of goals, What is the differenc...

What is the difference between direct effects and indirect effects of Goals on choice of strategy?

Describe census of population as a measure of education, 1. Education is of...

1. Education is often used as an indicator of a person's socioeconomic status. Historically, the number of years of schooling completed has been recorded in the census of populatio

Explain smoothing constan, Systembolaget uses forecasting to predict the nu...

Systembolaget uses forecasting to predict the number of bottles they think they will sell the next day. Below are the number of bottles sold each day during the five-day work week

Explain store marketing, Please answer this question: You work in the suppl...

Please answer this question: You work in the supply chain department for a consumer goods company. You have recently expanded globally shipping goods to a nation where it is custom

Explain the focus and goals of organizational behaviour, Describe the focus...

Describe the focus and goals of Organizational Behaviour (OB). Why is this important to understand? How can this knowledge impact your career?

Explain identify an ethical framework that applies, Discuss the legal and e...

Discuss the legal and ethical issues surrounding Solyndra, the California based solar panel manufacturer. Incorporate two to three specific laws or ethical codes that apply to the

Explain the effectiveness of southwest airlines, "Southwest Airlines" Pleas...

"Southwest Airlines" Please respond to the following: • Evaluate the effectiveness of Southwest Airlines execution of its low-cost / low-price / no-frills strategy to the busine

Explain important characteristics of the human service model, What are the ...

What are the 2 most important characteristics of the human service model?

Why risk interviews are often completed with subject matter, After a risk w...

After a risk workshop has been completed, risk interviews are often completed with subject matter experts. Assess the value of the interviews to identify risk response strategies.

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