The chairperson of the department of decision sciences at the college of busines

Question

The chairperson of the department of decision sciences at the college of business at San Francisco State University wants to forecast the number of students who will enroll in operations management course in the future semesters, in order to determine how many sections to schedule. The chair has accumulated the following enrollment data for the past 4 semesters. Each semester is a time period, and we have only Spring and Fall semesters in an year. Determine the forecast for Spring, 2014 and Fall, 2015 using Linear trend equation. Determine the forecast for Spring, 2014 using Exponential smoothing with alpha = 0.2 Determine the forecast for Spring, 2014 using a 3-semester (3-perod) moving average. Compute the forecast accuracy using MAD, for the forecasts computed using the 1.incar Trend method, Exponential smoothing method, and the 3-period moving average methods. Which method is most accurate? Which one of the following would not generally be considered an aspect of operation management?

Explanation / Answer

The chairperson of the department of decision sciences at the college of busines

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