www.vustudents.ning.com

We non-commercial site working hard since 2009 to facilitate learning Read More. We can't keep up without your support. Donate.

# MGMT617 - Production Planning and Inventory Control GDB No. 1 Solution Fall 2017 Due Date: November 14, 2017

Total Marks 10
Starting Date Wednesday, November 08, 2017
Closing Date Tuesday, November 14, 2017
Status Open
Question Title GDB 1
Question Description
The following demand set is to be used to test two basic Exponential Smoothing models of forecasting. The first model uses α = 0.1 and the second one uses α = 0.5.

For both values of α, forecast the demand for Month 13. Also, calculate Mean Absolute Deviation (MAD) and conclude which model (i.e. value of α) is more appropriate.

Month

Demand

1

51

2

47

3

51

4

55

5

52

6

46

7

49

8

56

9

51

10

48

11

55

12

49

13

?

NOTE:

Show all forecasts along with necessary calculations in tabular form.
Compare MAD for both models and clearly mention which value of α gives better forecasts.
You may solve the problem in MS Excel and copy/paste the table in GDB comments.
IMPORTANT INSTRUCTIONS:

Your discussion must be based on calculations.
The GDB will open and close at above specified date and time. Please note that no grace day or extra time will be given for posting comments on GDB.
Your answer should be relevant to the topic i.e. no definitions & theoretical explanations are required.
Do not copy or exchange your answer with other students. Two identical/ copied comments will be marked Zero (0) and may damage your grade in the course.
Books, websites and other reading material may be consulted before posting your comments; but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0) even if you provide references.
Obnoxious or ignoble answer should be strictly avoided.
You cannot participate in the discussion after the due date via email.
Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the GDB is open.

Views: 505

### Replies to This Discussion

Please Discuss here about this GDB.Thanks

Please Discuss here about this assignment.Thanks

Our main purpose here discussion not just Solution

We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions. Read More>>

Note:-

For Important Helping Material related to this subject (Solved MCQs, Short Notes, Solved past Papers, E-Books, FAQ,Short Questions Answers & more). You must view all the featured Discussion in this subject group.

For how you can view all the Featured discussions click on the Back to Subject Name Discussions link below the title of this Discussion & then under featured Discussion corner click on the view all link.

Or visit this link

Click Here For Detail.

&

.•°How to Download past papers from study groups°•.

Please Click on the below link to see…

.... How to Find Your Subject Study Group & Join ....

P.S:    Please always try to add the discussion in proper format title like “CS101 Assignment / GDB No 01 Solution & Discussion Due Date: ___________”

any ideas???

Mean Absolute Deviation of model (a=0.1) is less so this model is more appropriate.

1

2

3

4

5

## Latest Activity

56 minutes ago
Nadeem Sattar and MUHAMMAD AMIR joined + M.Tariq Malik's group

### MGT503 Principles of Management

57 minutes ago
2 hours ago
Nasir waqas joined + M.Tariq Malik's group

### CS502 Fundamentals of Algorithms

2 hours ago
Muhammad Shafique posted a discussion

### Assignment 1 mth401 fall2021

3 hours ago
Muhammad Yousaf Anjum joined + M.Tariq Malik's group

### MGMT628 Organizational Development (alt. code=HRM628)

3 hours ago
Muhammad Yousaf Anjum joined + M.Tariq Malik's group

### MGT611 Business & Labor Law

3 hours ago
Muhammad Yousaf Anjum joined + M.Tariq Malik's group

### HRM627 Human Resource Development

3 hours ago

© 2021   Created by + M.Tariq Malik.   Powered by