Long-range (and Short-term and Medium) Forecasting Includes What Categories.
MyOMLab Operations Management
Heizer, Render and Munson
13th Edition
Gives the lists included in short range, medium range, and long-range forecasting.
Gives the lists included in short range, medium range, and long-range forecasting.
Asks about Naive Method
Given the amount of chemicals used, the labor cost, miscellanious expenses, and the percentage of which the chemical usage increases… find the percent that productivity has decreased.
Given the actual demand, forecasts, and alpha for the current period… use exponential smoothing to determine the forecast for the next period.
Given a table with X and Y numbers, develop a linear regression forecasting model, solving for the slope (b) of the line.
Given four different forecast error values… calculate the mean absolute deviation.
Given six months (November-April)… find the four month moving average.
Given a large table of numbers including month, demand, average, average monthly, and the seasonal index, determine the room rental forecast
Given the shifts worked by the library each day and the number of books restocked, determine the productivity of books/hr.
Given the number of books the school restocks in a day, and the new number of operating shifts, determine what happened to productivity.