Given the following data, what is the Mean Absolute Deviation (MAD): Month Demand Forecast Jan 100...
Given the following data, what is the Mean Absolute Deviation (MAD):
| Month | Demand | Forecast |
| Jan | 100 | 110 |
| Feb | 100 | 100 |
| Mar | 120 | 100 |
| Apr | 110 | 90 |
| May | 100 | 110 |
| Jun | 90 | 100 |
| Jul | 80 | 90 |
| Aug | 90 | 80 |
| Sep | 100 | 110 |
| Oct | 110 | 100 |
| Nov | 110 | 110 |
| Dec | 120 | 110 |
| A. |
10 |
|
| B. |
20 |
|
| C. |
30 |
|
| D. |
133.33 |
Homework Answers
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Given the following data, what is the Mean Absolute Deviation
(MAD):
Month
Demand
Forecast
Jan
100...
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1. MAD for the naive forecast = ?? sales (round your response to two decimal places)....
1. MAD for the naive forecast = ?? sales (round your
response to two decimal places).
2. MAPE for the forecast developed by the naive approach = ?? %
(round your response to two decimal
places).
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find mape for naive approach
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1. MAD for the naive forecast = ?? sales (round your
response to two decimal places).
2. MAPE for the forecast developed by the naive approach = ?? %
(round your response to two decimal
places).
b) Using the Naive Method, the forecast for period March through June is (round your response to two decimal places) Month Unit Sales Naive Forecast Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 102 97 95 110 124 119 95...
The human resources department needs to forecast the number of employees at a site. The data for several months is supplied below. Be careful since the data is listed beginning with the most recent. The forecasting method to be used here is the 7 month moving average. Please round your forecast to the nearest whole number Nov 2019: 956 Oct 2019: 1014 Sep 2019: 1009 Aug 2019: 963 Jul 2019: 966 Jun 2019: 1024 May 2019: 1045||Apr 2019: 1047 Mar...
find mape for naive approach
S of Quilt covers Bud Bandiscount de March April May and June t store in Carbonde over the past year we shown below Management prepared forecasting a combination of exponential smoothing and its collective judgment for the Sep 95 Oct 110 Nov 120 Dec 119 Jan 92 95 Un sales Management's Forecast Feb 4 - Mar Apr 102 0 120 114 May 90 108 Jun 108 110 a) MAD for the forecast developed by the...
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