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DeVry GSCM 530 All Weeks Homework Assignments - Latest
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GSCM 530 Week 1 Homework assignment
Assignment
Assignment: page 431, Problems 2, 8, and 12
2. Given the series of demand data below
a. Calculate the forecasts for periods 7 through 11 using moving average models with n = 2, n = 4, and n = 6.
b. Calculate the bias and MAD for each set of forecasts. Which moving average model is the best?
8. The owner of an online video rental service has recorded the following rentals each week:
a. Use a three-week moving average to forecast sales for each of the weeks 4 through 9.
b. Use a four-week moving average to forecast sales for each of the weeks 5 through 9.
c. Compare the forecasts created by these two methods using mean absolute deviation. Which forecasting method would you recommend?
12. Monthly usage data for pallets used in a distribution center are as follows:
a. Calculate the monthly usage index for each month.
b. Use simple linear regression to forecast total usage of pallets for year 5.
c. Forecast the seasonally adjusted usage for pallets for each month in year 5.
Links to sample guide for homework assignment below:
a. Calculate the forecasts for periods 7 through 11 using moving average models with n = 2, n = 4, and n = 6.
b. Calculate the bias and MAD for each set of forecasts. Which moving average model is the best?
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