CH 4 Quiz – MAPE
MyOMLab Operations Management
Heizer, Render and Munson
13th Edition
Given the demand and forecast for each period… find the MAPE
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Given the demand and forecast for each period… find the MAPE
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Given the amount of roses sold each year and weights… using the weighted moving average model, find the forecast for year seven.
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Given alpha, and the demand and forecast for each period… find the forecast for the month.
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Determine which forecasting technique yields better results by comparing the Mean Absolute Deviation (MAD) and Mean Absolute Percentage Error (MAPE).
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Determine the best-fit equation, expected ridership, standard error of the estimate, coefficient of correlation, and coefficient of determination.
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Calculate the tracking signal given monthly actual and forecasted demand levels.
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Find forecast using moving average, weighted average, and exponential.
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For residential housing prices in Florida, predict the housing price, and calculate the coefficient of determination.
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Estimate the energy use for each quarter in Year 26 (quarters 101-104) based on the given demand trend line equation and seasonal factors.
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Calculate the seasonal indices for each season of Lego World’s attendance by using the given data.
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