The manager of a travel agency has been using a seasonally, Ask an Expert

Management Studies

The manager of a travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. The actual and predicted values are as follows: Period Demand Predicted 1 132 120 2 194 200 3 151 150 4 91 102 5 91 80 6 132 135 7 126 128 8 130 124 9 95 104 10 149 150 11 105 94 12 85 82 13 137 140 14 134 128 a. Compute MAD for the fifth period, then update it period by period using exponential smoothing with α = .1. (Round your intermediate calculations and final answers to 3 decimal places.) t Period A Demand MADt 1 132 2 194 3 151 4 91 5 91 6 132 7 126 8 130 9 95 10 149 11 105 12 85 13 137 14 134 b. Compute a tracking signal for periods 5 through 14 using the initial and updated MADs. (Negative values should be indicated by a minus sign. Round your intermediate calculations and final answers to 3 decimal places.) t Period A Demand Tracking Signal 1 132 2 194 3 151 4 91 5 91 6 132 7 126 8 130 9 95 10 149 11 105 12 85 13 137 14 134

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91981550

Have any Question?Write your Review or question?

Related Questions in Operation Management

Practical demonstrationyou are required to hold a meeting

Practical Demonstration You are required to hold a meeting with at least 4 other people who are risk management stakeholders and colleagues. The meeting can be in a simulated workplace, which will be organised by your as ...

Nathan is a manager at a company that has made the

Nathan is a manager at a company that has made the difficult decision to downsize. After his company eliminated 100 employees, what must Nathan do to effectively manage his remaining employees and help them through the s ...

This is will be for ethic management class i need someone

This is will be for Ethic Management class, I need someone who can answer 3 questions about "Justice and Economic Distribution" I'm taking ethic management class, so please make sure to do the assignment correctly. NEED ...

1 medicaid has a less than desirable reputation due to its

1. Medicaid has a less than desirable reputation due to its low reimbursements and many providers will not accept Medicaid patients. That trend is not expected to change in the future. 2. In order for Medicaid to realize ...

1 with india and china as the top business process

1. With India and China as the top business process outsourcing countries in the world, what can you do to prepare yourself for competing in a flat world? Be specific. 2. This question is for a project about providing an ...

Like criminal background checks and drug tests social media

Like criminal background checks and drug tests, social media background checks have become commonplace in today's recruiting. What are the pros and cons of conducting such checks as a primary or sole means of screening a ...

Please search the data about bellow by yourself and analyze

Please search the data about bellow by yourself and analyze it. 1) Please analysis the profitability of Cat & Jack ( Target own brand) within its total revenue. Explain it by using the number and estimate the future prof ...

1 bookmark scenario a tale of discrimination complaints at

(1 bookmark) Scenario: A Tale of Discrimination Complaints at Promotion Interviews After interviewing employees from your project team for a new Deputy Project Manager on your side. After reviewing the job description, y ...

1 who are the stakeholders involved to introduce the new

1. Who are the stakeholders involved to introduce the new automation system at child care centre? 2. Explain your choice of the 3 most useful investigation techniques. 3. Justify the usefulness of these 3 investigation t ...

Effective management is key to an organizations success but

Effective management is key to an organization's success. But strong leadership is important too. Many people debate the use of these words interchangeably. Are all managers leaders? Are all leaders managers? What do you ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert