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Management Studies

Q. Forecasting

The subsequent tabulations are actual sales of units for six months also a starting forecast in January.

a. Compute forecasts for the remaining five months utilizing simple exponential smoothing with
α = 0.2

b. Compute MAD for the forecasts.
ACTUAL FORECAST
January 100 80
February 94
March 106
April 80
May 68
June 94

Q. Which of the changes being considered by the manager of XYZ contradict the lean philosophy?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9313133

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