Question

In: Operations Management

Q1. Jamie wants to forecast the number of students who will enroll in operations management next...

Q1. Jamie wants to forecast the number of students who will enroll in operations management next semester in order to determine how many sections to schedule. He has accumulated the following enrollment data for the past six semesters:

SEMESTER

STUDENTS ENROLLED IN OM

1

270

2

310

3

250

4

290

5

370

6

410

a (2 pts). Compute a three-semester moving average forecast for semesters 4 through 7 (Model a) (Use two decimals).

SEMESTER

Three-semester moving average forecast for semesters 4 through 7

1

-

2

-

3

-

4

5

6

7

Solutions

Expert Solution

Solution :

Please refer the image below for the answer

If you need to find Mean Absoulte deviation (MAD)

Find errors for semester 4, 5 and 6 (Since we have forecasted data and collected data only for these three semesters)

Error semester 4= 290 - 276.66 = 13.33

Error semester 5= 370 - 283.33 = 86.66

Error semester 6= 410 - 303.33 = 106.66

Note : if any error is negative, then just ignore the negative sign and take just the positive value to find the average of all errors

MAD = average of all the errors = (13.33+86.66+106.66)/3 \

MAD = 68.88

Answer : Using three-semester moving average forecast (upto two decimal places)

SEMESTER 4 276.6667
SEMESTER 5 283.3333
SEMESTER 6 303.3333
SEMESTER 7 356.6667

keosha answered 3 weeks ago
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