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  • Operations Management 12.15 Assignment

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    johnmia20
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    This document contains two tables showing forecast versus actual values for multiple periods. The first table is for months April through September, showing forecasts, actuals, deviations from forecasts, and error metrics. The trend statistic calculated is -6, which is outside the acceptable range of +3 to -3, indicating the model is not giving acceptable results. The second table shows the same type of information for weeks 1 through 6. Here, the trend statistic calculated is 3.12, also outside the acceptable +3 to -3 range, again indicating the model results are not acceptable.

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    Operations Management 12.15 assignment

    Original Title

    Operations Management 12.15 assignment

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    This document contains two tables showing forecast versus actual values for multiple periods. The first table is for months April through September, showing forecasts, actuals, deviations from forecasts, and error metrics. The trend statistic calculated is -6, which is outside the acceptable range of +3 to -3, indicating the model is not giving acceptable results. The second table shows the same type of information for weeks 1 through 6. Here, the trend statistic calculated is 3.12, also outside the acceptable +3 to -3 range, again indicating the model results are not acceptable.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    15 views1 page

    Operations Management 12.15 Assignment

    Uploaded by

    johnmia20
    This document contains two tables showing forecast versus actual values for multiple periods. The first table is for months April through September, showing forecasts, actuals, deviations from forecasts, and error metrics. The trend statistic calculated is -6, which is outside the acceptable range of +3 to -3, indicating the model is not giving acceptable results. The second table shows the same type of information for weeks 1 through 6. Here, the trend statistic calculated is 3.12, also outside the acceptable +3 to -3 range, again indicating the model results are not acceptable.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    12)

    Period

    Forecast

    Actual

    Deviation

    RSFE

    |Deviation|

    sum
    |DEV|

    MAD

    TS

    April

    250

    200

    -50

    -50

    50

    50

    50

    -1

    May

    325

    250

    -75

    -125

    75

    125

    62.5

    -2

    June

    400

    325

    -75

    -200

    75

    200

    66.66667 -3

    July

    350

    300

    -50

    -250

    50

    250

    62.5

    -4

    August

    375

    325

    -50

    -300

    50

    300

    60

    -5

    September 450

    400

    -50

    -350

    50

    350

    58.33333 -6

    Here the result is -6, but we know acceptable result is +3 to -3, so the model is
    not giving acceptable result

    15)
    Period

    Forecast Actual

    Deviation RSFE

    |Dev|

    MAD

    TS

    100

    sum
    |Dev|
    100

    week 1

    800

    900

    100

    100

    100

    Week2

    850

    1000

    150

    250

    150

    250

    125

    Week 3

    950

    1050

    100

    350

    100

    350

    116.6667 3

    Week 4

    950

    900

    -50

    300

    50

    400

    100

    Week 5

    1000

    900

    -100

    200

    100

    500

    100

    Week 6

    975

    1100

    125

    325

    125

    625

    104.1667 3.12

    Here the result is 3.12; we know acceptable result is +3 to -3, so the model is
    not giving acceptable result.

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