Operations Management
Q5
| Forecasting LABS07: Created by Excel OM/QM version 5.2.101 | Exponential smoothing | ||||||
| Alpha | 0.3 | ||||||
| Data LABS07: Forecasting: Submodel = 13; Problem size @ 1 by 1 | Forecasts and Error Analysis | ||||||
| Period | Demand | Forecast | Error | Absolute | Squared | Abs Pct Err | |
| Period 1 | 61 | 58 | 3 | 3 | 9 | 0.0491803279 | |
| Total | 3 | 3 | 9 | 0.0491803279 | |||
| Average | 3 | 3 | 9 | 0.0491803279 | |||
| Bias | MAD | MSE | MAPE | ||||
| SE | ERROR:#NUM! | ||||||
| Next period | 58.9 | Not enough data to compute the standard error | |||||
| Given an actual demand this period of 61, a forecast for this period of 58, and an alpha of 0.3, what would the forecast for the next period be using exponential smoothing? |
Enter alpha (between 0 and 1), enter the past demands in the shaded column then enter a starting forecast. If the starting forecast is not in the first period then delete the error analysis for all rows above the starting forecast.
Q8b
| Forecasting LABS07: Created by Excel OM/QM version 5.2.101 | Moving averages - 3 period moving average | ||||||
| Num pds | 3 | To change the number of periods use the scrollbar, do not change the cell itself | |||||
| Data LABS07: Forecasting: Submodel = 11; Problem size @ 11 by 3 | Forecasts and Error Analysis | ||||||
| Year | Demand | Forecast | Error | Absolute | Squared | Abs Pct Err | |
| 1 | 8 | ||||||
| 2 | 9 | ||||||
| 3 | 6 | ||||||
| 4 | 9 | 7.6666666667 | 1.3333333333 | 1.3333333333 | 1.7777777778 | 14.81% | |
| 5 | 11 | 8 | 3 | 3 | 9 | 27.27% | |
| 6 | 8 | 8.6666666667 | -0.6666666667 | 0.6666666667 | 0.4444444444 | 08.33% | |
| 7 | 12 | 9.3333333333 | 2.6666666667 | 2.6666666667 | 7.1111111111 | 22.22% | |
| 8 | 13 | 10.3333333333 | 2.6666666667 | 2.6666666667 | 7.1111111111 | 20.51% | |
| 9 | 10 | 11 | -1 | 1 | 1 | 10.00% | |
| 10 | 11 | 11.6666666667 | -0.6666666667 | 0.6666666667 | 0.4444444444 | 06.06% | |
| 11 | 6 | 11.3333333333 | -5.3333333333 | 5.3333333333 | 28.4444444444 | 88.89% | |
| Total | 2 | 17.3333333333 | 55.3333333333 | 198.11% | |||
| Average | 0.25 | 2.1666666667 | 6.9166666667 | 24.76% | |||
| Bias | MAD | MSE | MAPE | ||||
| SE | 3.036811193 | ||||||
| Next period | 9 | ||||||
| The following table shows the actual demand observed over the last 11 years: |
Errors as a function of n
Enter the past demands in the data area
Q8c
| Forecasting LABS07: Created by Excel OM/QM version 5.2.101 | Weighted moving averages - 3 period moving average | |||||||
| Data LABS07: Forecasting: Submodel = 12; Problem size @ 11 by 3 | Forecasts and Error Analysis | |||||||
| Year | Demand | Weights | Forecast | Error | Absolute | Squared | Abs Pct Err | |
| 1 | 8 | 0.1 | 3 periods ago | |||||
| 2 | 9 | 0.3 | 2 periods ago | |||||
| 3 | 6 | 0.6 | 1 periods ago | |||||
| 4 | 9 | 7.1 | 1.9 | 1.9 | 3.61 | 21.11% | ||
| 5 | 11 | 8.1 | 2.9 | 2.9 | 8.41 | 26.36% | ||
| 6 | 8 | 9.9 | -1.9 | 1.9 | 3.61 | 23.75% | ||
| 7 | 12 | 9 | 3 | 3 | 9 | 25.00% | ||
| 8 | 13 | 10.7 | 2.3 | 2.3 | 5.29 | 17.69% | ||
| 9 | 10 | 12.2 | -2.2 | 2.2 | 4.84 | 22.00% | ||
| 10 | 11 | 11.1 | -0.1 | 0.1 | 0.01 | 00.91% | ||
| 11 | 6 | 10.9 | -4.9 | 4.9 | 24.01 | 81.67% | ||
| Total | 1 | 19.2 | 58.78 | 218.49% | ||||
| Average | 0.125 | 2.4 | 7.3475 | 27.31% | ||||
| Bias | MAD | MSE | MAPE | |||||
| SE | 3.1299627261 | |||||||
| Next period | 7.9 | |||||||
| Using the 3-year weighted moving average with weights | ||||||||
| 0.150.15, | ||||||||
| 0.300.30, | ||||||||
| and | ||||||||
| 0.550.55, | ||||||||
| using | ||||||||
| 0.550.55 | ||||||||
| for the most recent period, provide the forecast from periods 4 through 12 (round your responses to two decimal places). |
Enter the data in the shaded area. Enter weights in INCREASING order from top to bottom.
9a,b
| Forecasting LABS07: Created by Excel OM/QM version 5.2.101 | Moving averages - 2 period moving average | ||||||
| Num pds | 2 | To change the number of periods use the scrollbar, do not change the cell itself | |||||
| Data LABS07: Forecasting: Submodel = 11; Problem size @ 5 by 2 | Forecasts and Error Analysis | ||||||
| Year | Mileage | Forecast | Error | Absolute | Squared | Abs Pct Err | |
| 1 | 3100 | ||||||
| 2 | 3950 | ||||||
| 3 | 3400 | 3525 | -125 | 125 | 15625 | 03.68% | |
| 4 | 3850 | 3675 | 175 | 175 | 30625 | 04.55% | |
| 5 | 3700 | 3625 | 75 | 75 | 5625 | 02.03% | |
| Total | 125 | 375 | 51875 | 10.25% | |||
| Average | 41.6666666667 | 125 | 17291.6666666667 | 03.42% | |||
| Bias | MAD | MSE | MAPE | ||||
| SE | 227.7608394786 | ||||||
| Next period | 3775 | ||||||
| The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows: |
Errors as a function of n
Enter the past demands in the data area
9c
| Forecasting LABS07: Created by Excel OM/QM version 5.2.101 | Weighted moving averages - 2 period moving average | |||||||
| Data LABS07: Forecasting: Submodel = 12; Problem size @ 5 by 2 | Forecasts and Error Analysis | |||||||
| Year | Mileage | Weights | Forecast | Error | Absolute | Squared | Abs Pct Err | |
| 1 | 3100 | 0.45 | 2 periods ago | |||||
| 2 | 3950 | 0.55 | 1 periods ago | |||||
| 3 | 3400 | 3567.5 | -167.5 | 167.5 | 28056.25 | 04.93% | ||
| 4 | 3850 | 3647.5 | 202.5 | 202.5 | 41006.25 | 05.26% | ||
| 5 | 3700 | 3647.5 | 52.5 | 52.5 | 2756.25 | 01.42% | ||
| Total | 87.5 | 422.5 | 71818.75 | 11.61% | ||||
| Average | 29.1666666667 | 140.8333333333 | 23939.5833333333 | 03.87% | ||||
| Bias | MAD | MSE | MAPE | |||||
| SE | 267.9902050449 | |||||||
| Next period | 3767.5 | |||||||
| The forecast for year 6 using a weighted 2-year moving average with weights of | ||||||||
| 0.450.45 | ||||||||
| and | ||||||||
| 0.550.55 | ||||||||
| (the weight of | ||||||||
| 0.550.55 | ||||||||
| is for the most recent period) = | ||||||||
| 37503750 | ||||||||
| miles (round your response to the nearest whole number). |
Enter the data in the shaded area. Enter weights in INCREASING order from top to bottom.
9d
| Forecasting LABS07: Created by Excel OM/QM version 5.2.101 | Exponential smoothing | ||||||
| Alpha | 0.4 | ||||||
| Data LABS07: Forecasting: Submodel = 13; Problem size @ 5 by 1 | Forecasts and Error Analysis | ||||||
| Year | Mileage | Forecast | Error | Absolute | Squared | Abs Pct Err | |
| 1 | 3100 | 3100 | 0 | 0 | 0 | 00.00% | |
| 2 | 3950 | 3100 | 850 | 850 | 722500 | 21.52% | |
| 3 | 3400 | 3440 | -40 | 40 | 1600 | 01.18% | |
| 4 | 3850 | 3424 | 426 | 426 | 181476 | 11.06% | |
| 5 | 3700 | 3594.4 | 105.6 | 105.6 | 11151.36 | 0.0285405405 | |
| Total | 1341.6 | 1421.6 | 916727.36 | 36.61% | |||
| Average | 268.32 | 284.32 | 183345.472 | 07.32% | |||
| Bias | MAD | MSE | MAPE | ||||
| SE | 552.7890978182 | ||||||
| Next period | 3636.64 | ||||||
| Using exponential smoothing with | |||||||
| alphaα | |||||||
| = | |||||||
| 0.300.30 | |||||||
| and the forecast for year 1 being | |||||||
| 3 comma 0503,050, | |||||||
| the forecast for year 6 = | |||||||
| 35713571 | |||||||
| miles (round your response to the nearest whole number). |
Enter alpha (between 0 and 1), enter the past demands in the shaded column then enter a starting forecast. If the starting forecast is not in the first period then delete the error analysis for all rows above the starting forecast.
10b
| Forecasting LABS07: Created by Excel OM/QM version 5.2.101 | Moving averages - 3 period moving average | ||||||
| Num pds | 3 | To change the number of periods use the scrollbar, do not change the cell itself | |||||
| Data LABS07: Forecasting: Submodel = 11; Problem size @ 12 by 3 | Forecasts and Error Analysis | ||||||
| Month | Sales | Forecast | Error | Absolute | Squared | Abs Pct Err | |
| Jan | 21 | ||||||
| Feb | 20 | ||||||
| Mar | 15 | ||||||
| Apr | 12 | 18.6666666667 | -6.6666666667 | 6.6666666667 | 44.4444444444 | 55.56% | |
| May | 13 | 15.6666666667 | -2.6666666667 | 2.6666666667 | 7.1111111111 | 20.51% | |
| Jun | 16 | 13.3333333333 | 2.6666666667 | 2.6666666667 | 7.1111111111 | 16.67% | |
| Jul | 16 | 13.6666666667 | 2.3333333333 | 2.3333333333 | 5.4444444444 | 14.58% | |
| Aug | 17 | 15 | 2 | 2 | 4 | 11.76% | |
| Sept | 22 | 16.3333333333 | 5.6666666667 | 5.6666666667 | 32.1111111111 | 25.76% | |
| Oct | 22 | 18.3333333333 | 3.6666666667 | 3.6666666667 | 13.4444444444 | 16.67% | |
| Nov | 23 | 20.3333333333 | 2.6666666667 | 2.6666666667 | 7.1111111111 | 11.59% | |
| Dec | 23 | 22.3333333333 | 0.6666666667 | 0.6666666667 | 0.4444444444 | 02.90% | |
| Total | 10.3333333333 | 29 | 121.2222222222 | 176.00% | |||
| Average | 1.1481481481 | 3.2222222222 | 13.4691358025 | 19.56% | |||
| Bias | MAD | MSE | MAPE | ||||
| SE | 4.1614252748 | ||||||
| Next period | 22.6666666667 | ||||||
| The monthly sales for Yazici Batteries, Inc., were as follows: |
Errors as a function of n
Enter the past demands in the data area
10b cont
| Forecasting LABS07: Created by Excel OM/QM version 5.2.101 | Trend Projection | |||||||
| Data LABS07: Forecasting: Submodel = 12; Problem size @ 12 by 6 | Forecasts and Error Analysis | |||||||
| Month | Sales | Weights | Forecast | Error | Absolute | Squared | Abs Pct Err | |
| Jan | 21 | 0.1 | 6 periods ago | |||||
| Feb | 20 | 0.1 | 5 periods ago | |||||
| Mar | 15 | 0.1 | 4 periods ago | |||||
| Apr | 12 | 0.2 | 3 periods ago | |||||
| May | 13 | 0.2 | 2 periods ago | |||||
| Jun | 16 | 0.3 | 1 periods ago | |||||
| Jul | 16 | 15.4 | 0.6 | 0.6 | 0.36 | 03.75% | ||
| Aug | 17 | 15.3 | 1.7 | 1.7 | 2.89 | 10.00% | ||
| Sept | 22 | 15.5 | 6.5 | 6.5 | 42.25 | 29.55% | ||
| Oct | 22 | 17.3 | 4.7 | 4.7 | 22.09 | 21.36% | ||
| Nov | 23 | 18.9 | 4.1 | 4.1 | 16.81 | 17.83% | ||
| Dec | 23 | 20.6 | 2.4 | 2.4 | 5.76 | 10.43% | ||
| Total | 20 | 20 | 90.16 | 92.92% | ||||
| Average | 3.3333333333 | 3.3333333333 | 15.0266666667 | 15.49% | ||||
| Bias | MAD | MSE | MAPE | |||||
| SE | 4.7476309882 | |||||||
| Next period | 21.4 | |||||||
| The forecast for the next period (Jan) using a 3-month moving average approach = | ||||||||
| 21.6721.67 | ||||||||
| sales (round your response to two decimal places). |
Enter the data in the shaded area. Enter weights in INCREASING order from top to bottom.
10c
| Forecasting LABS07: Created by Excel OM/QM version 5.2.101 | Trend projection | |||||||
| Data LABS07: Forecasting: Submodel = 14; Problem size @ 12 by 6 | Forecasts and Error Analysis | |||||||
| Month | Sales | Period(x) | Forecast | Error | Absolute | Squared | Abs Pct Err | |
| Jan | 21 | 1 | 15.2564102564 | 5.7435897436 | 5.7435897436 | 32.9888231427 | 27.35% | |
| Feb | 20 | 2 | 15.8158508159 | 4.1841491841 | 4.1841491841 | 17.5071043952 | 20.92% | |
| Mar | 15 | 3 | 16.3752913753 | -1.3752913753 | 1.3752913753 | 1.891426367 | 09.17% | |
| Apr | 12 | 4 | 16.9347319347 | -4.9347319347 | 4.9347319347 | 24.3515792677 | 41.12% | |
| May | 13 | 5 | 17.4941724942 | -4.4941724942 | 4.4941724942 | 20.1975864074 | 34.57% | |
| Jun | 16 | 6 | 18.0536130536 | -2.0536130536 | 2.0536130536 | 4.217326574 | 12.84% | |
| Jul | 16 | 7 | 18.6130536131 | -2.6130536131 | 2.6130536131 | 6.8280491847 | 16.33% | |
| Aug | 17 | 8 | 19.1724941725 | -2.1724941725 | 2.1724941725 | 4.7197309295 | 12.78% | |
| Sept | 22 | 9 | 19.7319347319 | 2.2680652681 | 2.2680652681 | 5.1441200602 | 10.31% | |
| Oct | 22 | 10 | 20.2913752914 | 1.7086247086 | 1.7086247086 | 2.9193983949 | 07.77% | |
| Nov | 23 | 11 | 20.8508158508 | 2.1491841492 | 2.1491841492 | 4.6189925071 | 09.34% | |
| Dec | 23 | 12 | 21.4102564103 | 1.5897435897 | 1.5897435897 | 2.5272846811 | 06.91% | |
| Total | 0 | 35.2867132867 | 127.9114219114 | 209.41% | ||||
| Intercept | 14.696969697 | Average | 0 | 2.9405594406 | 10.6592851593 | 17.45% | ||
| Slope | 0.5594405594 | Bias | MAD | MSE | MAPE | |||
| SE | 3.5764706333 | |||||||
| Future period | 21.9696969697 | 13 | ||||||
| Correlation | 0.509117137 | |||||||
| Coefficient of determination | 0.2592002592 | |||||||
| The method that can be used for making a forecast for the month of March is trend projection |
If this is trend analysis then simply enter the past demands in the demand column. If this is causal regression then enter the y,x pairs with y first and enter a new value of x at the bottom in order to forecast y.
11a
| Computer Services: Created by Excel OM/QM version 5.2.116 |
||||||||
| Forecasting | Weighted moving averages - 2 period moving average | |||||||
| Data Computer Services: Forecasting: Submodel = 12; Problem size @ 12 by 2 | Forecasts and Error Analysis | |||||||
| Month | Price Per Chip | Weights | Forecast | Error | Absolute | Squared | Abs Pct Err | |
| January | 1.9 | 1.88 | 2 periods ago | |||||
| February | 1.61 | 1.73 | 1 periods ago | |||||
| March | 1.6 | 1.7610249307 | -0.1610249307 | 0.1610249307 | 0.0259290283 | 10.06% | ||
| April | 1.85 | 1.6052077562 | 0.2447922438 | 0.2447922438 | 0.0599232426 | 13.23% | ||
| May | 1.88 | 1.7198060942 | 0.1601939058 | 0.1601939058 | 0.0256620875 | 08.52% | ||
| June | 1.89 | 1.8643767313 | 0.0256232687 | 0.0256232687 | 0.0006565519 | 01.36% | ||
| July | 2 | 1.8847922438 | 0.1152077562 | 0.1152077562 | 0.0132728271 | 05.76% | ||
| August | 1.75 | 1.9427146814 | -0.1927146814 | 0.1927146814 | 0.0371389484 | 11.01% | ||
| September | 1.7 | 1.8801939058 | -0.1801939058 | 0.1801939058 | 0.0324698437 | 10.60% | ||
| October | 1.6 | 1.7260387812 | -0.1260387812 | 0.1260387812 | 0.0158857744 | 07.88% | ||
| November | 1.5 | A | 1.6520775623 | -0.1520775623 | 0.1520775623 | 0.023127585 | 10.14% | |
| December | 1.75 | 1.5520775623 | 0.1979224377 | 0.1979224377 | 0.0391732913 | 11.31% | ||
| Total | -0.0683102493 | 1.5557894737 | 0.2732391802 | 89.87% | ||||
| Average | -0.0068310249 | 0.1555789474 | 0.027323918 | 08.99% | ||||
| Bias | MAD | MSE | MAPE | |||||
| SE | 0.1848104367 | |||||||
| Next period | 1.6198060942 | C | ||||||
| Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: |
Enter the data in the shaded area. Enter weights in INCREASING order from top to bottom.
11b
| Computer Services: Created by Excel OM/QM version 5.2.116 |
||||||||
| Forecasting | Weighted moving averages - 3 period moving average | |||||||
| Data Computer Services: Forecasting: Submodel = 12; Problem size @ 12 by 3 | Forecasts and Error Analysis | |||||||
| Month | Price Per Chip | Weights | Forecast | Error | Absolute | Squared | Abs Pct Err | |
| January | 1.9 | 1.92 | 3 periods ago | |||||
| February | 1.61 | 1.88 | 2 periods ago | |||||
| March | 1.6 | 1.82 | 1 periods ago | |||||
| April | 1.85 | 1.7058362989 | 0.1441637011 | 0.1441637011 | 0.0207831727 | 07.79% | ||
| May | 1.88 | 1.6843772242 | 0.1956227758 | 0.1956227758 | 0.0382682704 | 10.41% | ||
| June | 1.89 | 1.7743060498 | 0.1156939502 | 0.1156939502 | 0.0133850901 | 06.12% | ||
| July | 2 | 1.8729893238 | 0.1270106762 | 0.1270106762 | 0.0161317119 | 06.35% | ||
| August | 1.75 | 1.9222064057 | -0.1722064057 | 0.1722064057 | 0.0296550462 | 09.84% | ||
| September | 1.7 | 1.8814590747 | -0.1814590747 | 0.1814590747 | 0.0329273958 | 10.67% | ||
| October | 1.6 | 1.8192170819 | -0.2192170819 | 0.2192170819 | 0.048056129 | 13.70% | ||
| November | 1.5 | B | 1.6846975089 | -0.1846975089 | 0.1846975089 | 0.0341131698 | 12.31% | |
| December | 1.75 | 1.6017793594 | 0.1482206406 | 0.1482206406 | 0.0219693583 | 08.47% | ||
| Total | -0.0268683274 | 1.4882918149 | 0.2552893441 | 85.67% | ||||
| Average | -0.0029853697 | 0.1653657572 | 0.0283654827 | 09.52% | ||||
| Bias | MAD | MSE | MAPE | |||||
| SE | 0.1909709567 | |||||||
| Next period | 1.6151245552 | C |
Enter the data in the shaded area. Enter weights in INCREASING order from top to bottom.
12a
| Forecasting LABS07: Created by Excel OM/QM version 5.2.101 | Simple Linear Regression | ||||||
| Alpha | 0.6 | ||||||
| Data LABS07: Forecasting: Submodel = 13; Problem size @ 5 by 1 | Forecasts and Error Analysis | ||||||
| Year | Heart Transplants | Forecast | Error | Absolute | Squared | Abs Pct Err | |
| 1 | 45 | 41 | 4 | 4 | 16 | 08.89% | |
| 2 | 50 | 43.4 | 6.6 | 6.6 | 43.56 | 13.20% | |
| 3 | 53 | 47.36 | 5.64 | 5.64 | 31.8096 | 10.64% | |
| 4 | 54 | 50.744 | 3.256 | 3.256 | 10.601536 | 06.03% | |
| 5 | 57 | 52.6976 | 4.3024 | 4.3024 | 18.51064576 | 0.0754807018 | |
| Total | 23.7984 | 23.7984 | 120.48178176 | 46.31% | |||
| Average | 4.75968 | 4.75968 | 24.096356352 | 09.26% | |||
| Bias | MAD | MSE | MAPE | ||||
| SE | 6.3372386668 | ||||||
| Next period | 55.27904 | ||||||
| Make sure to update the forecast with the value from the problem | |||||||
| D8 | |||||||
| Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline station. Also shown are actual demand levels, in thousands of gallons: |
Enter alpha (between 0 and 1), enter the past demands in the shaded column then enter a starting forecast. If the starting forecast is not in the first period then delete the error analysis for all rows above the starting forecast.
13
| Computer Services: Created by Excel OM/QM version 5.2.116 |
||||||||
| Forecasting | Exponential smoothing | |||||||
| Alpha | 0.21 | |||||||
| Data Computer Services: Forecasting: Submodel = 13; Problem size @ 4 by 1 | Forecasts and Error Analysis | |||||||
| Time Period t | Actual Demand | Forecast | Error | Absolute | Squared | Abs Pct Err | ||
| 1 | 50 | 50 | 0 | 0 | 0 | 00.00% | ||
| 2 | 48 | 50 | -2 | 2 | 4 | 04.17% | ||
| 3 | 56 | 49.58 | 6.42 | 6.42 | 41.2164 | 11.46% | ||
| 4 | 45 | 50.9282 | -5.9282 | 5.9282 | 35.14355524 | 0.1317377778 | ||
| Total | -1.5082 | 14.3482 | 80.35995524 | 28.80% | ||||
| Average | -0.37705 | 3.58705 | 20.08998881 | 07.20% | ||||
| Bias | MAD | MSE | MAPE | |||||
| SE | 6.3387678314 | |||||||
| Next period | 49.683278 | |||||||
| Errors as a function of alpha | ||||||||
| Alpha | Error | Absolute | Squared | Abs Pct Err | Standard Err | |||
| 0 | -0.37705 | 3.58705 | 20.08998881 | 07.20% | 6.3387678314 | |||
| 0.1 | -0.305 | 3.405 | 17.9541 | 0.0682063492 | 5.9923451169 | |||
| 0.2 | -0.37 | 3.57 | 19.8836 | 0.0716547619 | 6.3061240077 | |||
| 0.3 | -0.445 | 3.745 | 22.0661 | 0.0753253968 | 6.6432070568 | |||
| 0.4 | -0.53 | 3.93 | 24.5316 | 0.079218254 | 7.004512831 | |||
| 0.5 | -0.625 | 4.125 | 27.3125 | 0.0833333333 | 7.3908727495 | |||
| 0.6 | -0.73 | 4.33 | 30.4436 | 0.0876706349 | 7.8030250544 | |||
| 0.7 | -0.845 | 4.545 | 33.9621 | 0.0922301587 | 8.2416139196 | |||
| 0.8 | -0.97 | 4.77 | 37.9076 | 0.0970119048 | 8.7071924293 | |||
| 0.9 | -1.105 | 5.005 | 42.3221 | 0.102015873 | 9.200228258 | |||
| 1 | -1.25 | 5.25 | 47.25 | 0.1072420635 | 9.7211110476 | |||
| Forecast for period 3 = Forecast for period 2 + (alpha * Error) | ||||||||
| 50.88=49.6+a*(56-49.6) |
Enter alpha (between 0 and 1), enter the past demands in the shaded column then enter a starting forecast. If the starting forecast is not in the first period then delete the error analysis for all rows above the starting forecast.
14
| Forecasting LABS07: Created by Excel OM/QM version 5.2.101 | Simple Linear Regression | |||||||
| Data LABS07: Forecasting: Submodel = 15; Problem size @ 10 by 1 | Forecasts and Error Analysis | |||||||
| Observation | Number of Patients | Year | Forecast | Error | Absolute | Squared | Abs Pct Err | |
| 1 | 37 | 1 | 33.5272727273 | 3.4727272727 | 3.4727272727 | 12.0598347107 | 09.39% | |
| 2 | 33 | 2 | 36.8545454545 | -3.8545454545 | 3.8545454545 | 14.8575206612 | 11.68% | |
| 3 | 39 | 3 | 40.1818181818 | -1.1818181818 | 1.1818181818 | 1.3966942149 | 03.03% | |
| 4 | 42 | 4 | 43.5090909091 | -1.5090909091 | 1.5090909091 | 2.2773553719 | 03.59% | |
| 5 | 42 | 5 | 46.8363636364 | -4.8363636364 | 4.8363636364 | 23.3904132231 | 11.52% | |
| 6 | 56 | 6 | 50.1636363636 | 5.8363636364 | 5.8363636364 | 34.0631404959 | 10.42% | |
| 7 | 62 | 7 | 53.4909090909 | 8.5090909091 | 8.5090909091 | 72.4046280992 | 13.72% | |
| 8 | 54 | 8 | 56.8181818182 | -2.8181818182 | 2.8181818182 | 7.9421487603 | 05.22% | |
| 9 | 58 | 9 | 60.1454545455 | -2.1454545455 | 2.1454545455 | 4.6029752066 | 03.70% | |
| 10 | 62 | 10 | 63.4727272727 | -1.4727272727 | 1.4727272727 | 2.1689256198 | 02.38% | |
| Total | 0 | 35.6363636364 | 175.1636363636 | 74.64% | ||||
| Intercept | 30.2 | A | Average | 0 | 3.5636363636 | 17.5163636364 | 07.46% | |
| Slope | 3.3272727273 | A | Bias | MAD | MSE | MAPE | ||
| SE | 4.6792579054 | |||||||
| Forecast | 66.8 | 11 | B | |||||
| Correlation | 0.9160119889 | |||||||
| Replace the 11 with 12 | C | Coefficient of determination | 0.8390779638 | |||||
| Dr. Lillian Fok, a New Orleans psychologist, specializes in treating patients who are agoraphobic (i.e., afraid to leave their homes). The following table indicates how many patients Dr. Fok has seen each year for the past 10 years. It also indicates what the robbery rate was in New Orleans during the same year: |
If this is trend analysis then simply enter the past demands in the demand column. If this is causal regression then enter the y,x pairs with y first and enter a new value of x at the bottom in order to forecast y.
15
| Computer Services: Created by Excel OM/QM version 5.2.116 | Simple Linear Regression | |||||||
| Forecasting | Simple linear regression | |||||||
| Data Computer Services: Forecasting: Submodel = 15; Problem size @ 6 by 1 | Forecasts and Error Analysis | |||||||
| Period | Demand | Period(x) | Forecast | Error | Absolute | Squared | Abs Pct Err | |
| 1 | 7 | 1 | 6.380952381 | 0.619047619 | 0.619047619 | 0.3832199546 | 08.84% | |
| 2 | 9 | 2 | 7.4952380952 | 1.5047619048 | 1.5047619048 | 2.26430839 | 16.72% | |
| 3 | 5 | 3 | 8.6095238095 | -3.6095238095 | 3.6095238095 | 13.0286621315 | 72.19% | |
| 4 | 11 | 4 | 9.7238095238 | 1.2761904762 | 1.2761904762 | 1.6286621315 | 11.60% | |
| 5 | 10 | 5 | 10.8380952381 | -0.8380952381 | 0.8380952381 | 0.7024036281 | 08.38% | |
| 6 | 13 | 6 | 11.9523809524 | 1.0476190476 | 1.0476190476 | 1.0975056689 | 08.06% | |
| Total | 0 | 8.8952380952 | 19.1047619048 | 125.79% | ||||
| Intercept | 5.2666666667 | Average | 7.40148683083438E-16 | 1.4825396825 | 3.1841269841 | 20.97% | ||
| Slope | 1.1142857143 | Bias | MAD | MSE | MAPE | |||
| SE | 2.1854497194 | |||||||
| Forecast | 13.0666666667 | 7 | ||||||
| Correlation | 0.7294712331 | |||||||
| Coefficient of determination | 0.5321282799 | |||||||
| Given the following data, use least squares regression to derive a trend equation: | ||||||||
| The least squares regression equation that shows the best relationship between demand and period is (round your responses to two decimal places): |
If this is trend analysis then simply enter the past demands in the demand column. If this is causal regression then enter the y,x pairs with y first and enter a new value of x at the bottom in order to forecast y.
16
| Computer Services: Created by Excel OM/QM version 5.2.116 | Simple Linear Regression | |||||||
| Forecasting | Simple linear regression | |||||||
| Data Computer Services: Forecasting: Submodel = 15; Problem size @ 4 by 1 | Forecasts and Error Analysis | |||||||
| Number of Accidents | Month | Forecast | Error | Absolute | Squared | Abs Pct Err | ||
| Jan | 30 | 1 | 26 | 4 | 4 | 16 | 13.33% | |
| Feb | 45 | 2 | 49.5 | -4.5 | 4.5 | 20.25 | 10.00% | |
| Mar | 70 | 3 | 73 | -3 | 3 | 9 | 04.29% | |
| Apr | 100 | 4 | 96.5 | 3.5 | 3.5 | 12.25 | 03.50% | |
| Total | 0 | 15 | 57.5 | 31.12% | ||||
| Intercept | 2.5 | Average | 0 | 3.75 | 14.375 | 07.78% | ||
| Slope | 23.5 | Bias | MAD | MSE | MAPE | |||
| SE | 5.3619026474 | |||||||
| Forecast | 120 | 5 | ||||||
| Correlation | 0.9897478906 | |||||||
| Coefficient of determination | 0.9796008869 | |||||||
| The following gives the number of accidents that occurred on Florida State Highway 101 during the last 4 months: |
If this is trend analysis then simply enter the past demands in the demand column. If this is causal regression then enter the y,x pairs with y first and enter a new value of x at the bottom in order to forecast y.
19a
| Forecasting LABS07: Created by Excel OM/QM version 5.2.101 | Simple Linear Regression | ||||||
| Num pds | 8 | To change the number of periods use the scrollbar, do not change the cell itself | |||||
| Data LABS07: Forecasting: Submodel = 11; Problem size @ 12 by 1 | Forecasts and Error Analysis | ||||||
| Month | Unit Sales | Management's Forecast | Forecast | Error | Absolute | Squared | Abs Pct Err |
| Jul | 102 | - | |||||
| Aug | 93 | - | |||||
| Sep | 95 | - | |||||
| Oct | 108 | - | |||||
| Nov | 124 | - | |||||
| Dec | 119 | - | |||||
| Jan | 92 | - | |||||
| Feb | 83 | - | |||||
| Mar | 101 | 120 | 120 | -19 | 19 | 361 | 18.81% |
| Apr | 98 | 116 | 116 | -18 | 18 | 324 | 18.37% |
| May | 90 | 110 | 110 | -20 | 20 | 400 | 22.22% |
| Jun | 108 | 112 | 112 | -4 | 4 | 16 | 03.70% |
| Total | -61 | 61 | 1101 | 0.6310515405 | |||
| Average | -15.25 | 15.25 | 275.25 | 0.1577628851 | |||
| Bias | MAD | MSE | MAPE | ||||
| SE | 23.4627364133 | ||||||
| Next period | 101.875 |
Errors as a function of n
Enter the past demands in the data area
19b
| Forecasting LABS07: Created by Excel OM/QM version 5.2.101 | Moving averages - 1 period moving average | ||||||
| Num pds | 1 | To change the number of periods use the scrollbar, do not change the cell itself | |||||
| Data LABS07: Forecasting: Submodel = 11; Problem size @ 12 by 1 | Forecasts and Error Analysis | ||||||
| Month | 2009-2010 Unit Sales | Forecast | Error | Absolute | Squared | Abs Pct Err | |
| Jul | 102 | ||||||
| Aug | 93 | 102 | -9 | 9 | 81 | 09.68% | |
| Sep | 95 | 93 | 2 | 2 | 4 | 02.11% | |
| Oct | 108 | 95 | 13 | 13 | 169 | 12.04% | |
| Nov | 124 | 108 | 16 | 16 | 256 | 12.90% | |
| Dec | 119 | 124 | -5 | 5 | 25 | 04.20% | |
| Jan | 92 | 119 | -27 | 27 | 729 | 29.35% | |
| Feb | 83 | 92 | -9 | 9 | 81 | 10.84% | |
| Mar | 101 | 83 | 18 | 18 | 324 | 17.82% | |
| Apr | 98 | 101 | -3 | 3 | 9 | 03.06% | |
| May | 90 | 98 | -8 | 8 | 64 | 08.89% | |
| Jun | 108 | 90 | 18 | 18 | 324 | 16.67% | |
| Total | 6 | 128 | 2066 | 127.55% | |||
| Average | 0.5454545455 | 11.6363636364 | 187.8181818182 | 11.60% | |||
| Bias | MAD | MSE | MAPE | ||||
| SE | 15.1510909032 | ||||||
| Next period | 108 |
Errors as a function of n
Enter the past demands in the data area