Exercise Torecast CIT▷ Complete the tableMonth123456Forecastdemand700760780790850950Actualdemand660840750835910890▷ What is MAD? MAPE? TS?DeviationRSFE(Cumulative sum offorecast errors)MAD(Mean absolutedeviation)APE(absolute% error)+

MAD is the average of absolute forecasting errors. MAPE indicating the average…

Answered: ▷ Complete the table Month 1 2 3 4 5 6…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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What is the sample t-statistic and the critical t-value? Count Design A Design B Di = Xi - X'i 1 135.20 108.40 26.80 2 203.10 190.30 12.80 3 208.20 170.20 38.00 4 141.70 109.10 32.60 5 244.30 217.80 26.50 6 164.10 172.70 -8.60 7 266.90 224.40 42.50 8 130.20 112.00 18.20 9 138.90 92.30 46.60 10 171.20 131.60 39.60 Sample mean= 180.38 152.88 27.50 Sample standard deviation= 48.29 48.43 16.60
12:26 +968 9958 9539 All Media 24/04/2021, 9:56 PM stion The historical demand for four perlod is 40, 50, 70, and 71 respectively. Using the Nalve method, the Mean absolute Deviation (MAD) is O a. 20.33 ed out of O b. None is correct Oc 10.33 Od. 10.33 question Oe -20.33
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The Healthy Chocolate Company makes a variety of chocolate candles, including a 12-ounce chocolate bar (340 grams) and a box of six 1-ounce chocolate bars (170 grams). a.Specifications for the 12-ounce bar are 322 grams to 358 grams. What is the largest standard deviation (In grams) that the machine that fills the bar molds can have and still be considered capable if the average fill is 340 grams? (Round your intermediate calculations to 2 decimal places and final answer to 3 decimal places.) Standard deviation b.The machine that filles the bar molds for the 6-ounce bars has a standard deviation of .84 grams. The filling machine is set to deliver an average of 1.04 ounces per bar. Specifications for the six-bar box are 150 to 190 grams per box. Is the process capable? Hint: The variance for the box is equal to six times the bar variance. Convert all calculations Into grams. O Yes O No grams c.What is the lowest setting in ounces for the filling machine that will provide capability in…
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▷ Complete the table Month 1 2 3 4 5 6 Forecast demand 700 760 780 790 850 950 Actual demand 660 840 750 835 910 890 ▷ What is MAD? MAPE? TS? Deviation RSFE (Cumulative sum of forecast errors) MAD (Mean absolute deviation) APE (absolute % error)