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Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline station. Also shown are actual demand levels in thousands of gallons-
Forecasts
week Method 1 Method 2 Actual Demand
1 0.95 0.77 0.70
2 1.05 1.21 0.98
3 0.92 0.92 0.96
4 1.22 1.11 1.04
The MAD for method 1 = ??
The mean squared error (MSE) for method 1= ??
The MAD for method 2 = ??
The mean squared error (MSE) for method 2= ??
Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment
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explain strategy as an organizational process
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