We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>

Looking For Something at vustudents.ning.com? Click Here to Search

www.bit.ly/vucodes

+ Link For Assignments, GDBs & Online Quizzes Solution

www.bit.ly/papersvu

+ Link For Past Papers, Solved MCQs, Short Notes & More

PROBLEM:

Mr. Ali, the production manager of XYZ Company, wants to use a Moving-Average method to forecast the future demand; but not sure whether a 3-period moving-average would yield better forecasts or a 4-period moving-average!

The demand data of last 12 months have been given in following table:

Month

Demand (1000 SKUs)

1

20

2

18

3

21

4

24

5

25

6

27

7

22

8

23

9

30

10

20

11

29

12

22

 

You are required to suggest Mr. Ali a more suitable forecasting method by calculating and analyzing:

  1. 3-period moving average forecasts for months 4 – 12 and its Mean Absolute Deviation (MAD)
  2. 4-period moving average forecasts for months 5 – 12 and its Mean Absolute Deviation (MAD)

NOTE:

  • Show the forecasts along with necessary calculations in tabular form.
  • Compare MAD for both methods and clearly mention your suggested method.
  • 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 posted by the students on MDB or via e-mail, will not be replied till the GDB is open.

+ How to Follow the New Added Discussions at Your Mail Address?

+ How to Join Subject Study Groups & Get Helping Material?

+ How to become Top Reputation, Angels, Intellectual, Featured Members & Moderators?

+ VU Students Reserves The Right to Delete Your Profile, If?


See Your Saved Posts Timeline

Views: 895

.

+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)

+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)

+ Click Here to Search (Looking For something at vustudents.ning.com?)

+ Click Here To Join (Our facebook study Group)

Replies to This Discussion

Go to lecture 9 and 10 for correct solution. Thanks

Please Discuss here about this GDB.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 .... 

help

amaya khan plz read lecture 9 and 10 with full concentration. If u have any problem m here for ur help thanks

kindly check n correct plz

Attachments:

apka wrong hai 1000 skus b to hai

Plzz check this solution and correct ur self. thanks 

Attachments:

Attachments:

error= actual forcasts ye amount kese find krni he

az1987 jo apl pass demand ha skus ki us mei sy 3 or 4 moths ki moring average to minas krna ha,

like= 25,000 is actual - 19666.66 forcast = 5333.34 error 

Rana HM Kamran Mistake No.1 = 4 MPA mein 22000 nhi 2250 OK, Mistake No 2 = Name Ali not Ahsan 

RSS

Latest Activity

Profile Icon༺łℳℜ₳₦༻ immy, MUHAMMAD USMAN and Amina Azeem joined + M.Tariq Malik's group
3 hours ago
+ ! ! ! ! Mehαr Mαh꧂ replied to + "αяsαℓ " Ќąƶµяɨ •"'s discussion The World's most expensive Proposal
4 hours ago
+ ! ! ! ! Mehαr Mαh꧂ liked + "αяsαℓ " Ќąƶµяɨ •"'s discussion The World's most expensive Proposal
4 hours ago
+ ! ! ! ! Mehαr Mαh꧂ liked +***piya o ry piya***+'s discussion eng301 solution chahiyaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
4 hours ago
Mahay Jawad replied to Mian Ali's discussion MCM520 assignment 1 solution Fall 2019 in the group MCM520 Contemporary Mass Media
5 hours ago
Profile IconMahay Jawad and kaaydeen 786 joined + M.Tariq Malik's group
5 hours ago
Ali Khan joined + M.Tariq Malik's group
6 hours ago
Prince Allen replied to ayesha's discussion CS607 Assignment No.1 Solution & Discussion Due Date: 15-11-2019 in the group CS607 Artificial Intelligence
6 hours ago
Prince Allen joined + M.Tariq Malik's group
6 hours ago
Rehana Awan BSSE(7th semester) replied to +¢αяєℓєѕѕ gιяℓ's discussion CS506 - Web Design and Development Assignment No.1 Due Date Nov 15, 2019 in the group CS506 Web Design and Development
7 hours ago
Rehana Awan BSSE(7th semester) replied to + M.Tariq Malik's discussion CS311 Assignment No 01 Fall 2019 Solution & Discussion Due Date: 15-11-2019 in the group CS311 Introduction to Web Services Development
7 hours ago
Rehana Awan BSSE(7th semester) joined + M.Tariq Malik's group
7 hours ago
Rehana Awan BSSE(7th semester) replied to + M.Tariq Malik's discussion CS605 Software Engineering-II Assignment No 01 Fall 2019 Solution & Discussion in the group CS605 Software Engineering-II
7 hours ago
kaaydeen 786 replied to Mian Ali's discussion MCM520 assignment 1 solution Fall 2019 in the group MCM520 Contemporary Mass Media
7 hours ago
ALEEM QAMAR replied to + M.Tariq Malik's discussion MTH302 Business Mathematics & Statistics Assignment No 01 Fall 2019 Solution & Discussion in the group MTH302 Business Mathematics & Statistics
7 hours ago
ALEEM QAMAR joined + M.Tariq Malik's group
7 hours ago
Muhammad Azeem joined + M.Tariq Malik's group
7 hours ago
Hannah chaudhary updated their profile
8 hours ago
Ikra butt posted a status
"https://youtu.be/ItfTdt9kJik mgt211 gdb solution 2019 correct solution"
8 hours ago

Today Top Members 

© 2019   Created by + M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service