The operations manager using a combination of methods has forecast sales of Lomi Cup Orders at the local LomiHaus carinderia. Calculate the MAD for the manager's forecast. Compare the manager's forecast against a naive forecast. What is the MAD of the manager’s forecast? If the manager used a Naïve Forecast instead, what is the MAD? Which MAD is better?
The operations manager using a combination of methods has forecast sales of Lomi Cup Orders at the local LomiHaus carinderia. Calculate the MAD for the manager's forecast. Compare the manager's forecast against a naive forecast. What is the MAD of the manager’s forecast? If the manager used a Naïve Forecast instead, what is the MAD? Which MAD is better?
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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Question
The operations manager using a combination of methods has
- What is the MAD of the manager’s forecast?
- If the manager used a Naïve Forecast instead, what is the MAD?
- Which MAD is better?
![Unit Sales
Manager's
Forecast
Month
January
February
March
52
61
73
April
Мay
June
79
66
51
July
August
September
October
November
47
50
44
55
30
52
55
42
74
60
December
125
75](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff66512a7-b739-4f98-ba2c-c6f87ac88058%2F65361cde-77c8-406b-8d6f-3f7f9fef551d%2Fc2vv9eb_processed.png&w=3840&q=75)
Transcribed Image Text:Unit Sales
Manager's
Forecast
Month
January
February
March
52
61
73
April
Мay
June
79
66
51
July
August
September
October
November
47
50
44
55
30
52
55
42
74
60
December
125
75
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