ch02 - Assignment

ch02 - Assignment - Charter Year Flights 1 60 2 62 3 64 4...

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OPER1401 Operations Management I Name: Student # :: Forecasting Assignment Section # : Please answer the following questions. Show all your work on the sheets provided. 1. Forecast using Exponential Smoothing with a smoothing constant = .4 Charter Absolute Year Flights Forecast Error 1 60 55 2 62 3 64 4 60 5 65 6 67 M.A.D. = 2. Forecast using Exponential Smoothing with a smoothing constant = .75 Charter Absolute Year Flights Forecast Error 1 60 55 2 62 3 64 4 60 5 65 6 67 M.A.D. = 3. Forecast using a 3 Year Moving Average Charter Absolute Year Flights Forecast Error 1 60 2 62 3 64 4 60 5 65 6 67 M.A.D. = Weights ' 4. Forecast using a 3 Year Weighted Moving Average P1 = 8 P2 = 4 Charter Absolute P3 = 2
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Year Flights Forecast Error 1 60 2 62 3 64 4 60 5 65 6 67 M.A.D. = ' 5. Forecast for periods 9 and 10 using a Trend Projection
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Unformatted text preview: Charter Year Flights 1 60 2 62 3 64 4 60 5 65 6 67 6. Using M.A.D. as the criterion, which of the first four forecasting methods is best? 7. Forecast using a Linear Regression (causal) model. You are the recruiting officer for a local college. You believe the probability a student may graduate relates to the score they achieve on a first year entry math test. What will be your forecast of probability of graduation for a student who scores 6.2 on their math test? probability math score of graduating 8.7 92 7.5 80 6.8 66 7.3 78 8.2 85 7.2 86...
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ch02 - Assignment - Charter Year Flights 1 60 2 62 3 64 4...

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