IE 375 • Production Planning • Midterm I

Forecasting

Error in Forecasts

Mean Absolute Deviation (MAD)

Mean Squared Error (MSE)

Mean Absolute Percentage Error (MAPE)

Example

Components of the Data

Moving Averages Method

Moving Averages Example

Exponential Smoothing Method

Exponential Smoothing Example

Chapter Summary

Regression Analysis

Regression Analysis Example

Double Exponential Smoothing (Holt's Method)

Double Exponential Smoothing Example

Chapter Summary

Seasonal Data with No Trend

Example 1

Triple Exponential Smoothing (Winter's Method)

Seasonal Factors

Example 2

Chapter Summary

Introduction

Zero Inventory Strategy

Example 1

Example 2

Constant Workforce Plan

Example 3

Example 4

Linear Programming Solution

Example 8

Methods for Forecasting Stationary Series 1

Methods for Forecasting Stationary Series 2

Methods for Forecasting Trend Series 1

Methods for Forecasting Trend Series 2

Methods for Forecasting Seasonal Series 1

Methods for Forecasting Seasonal Series 2

Methods for Forecasting Seasonal Series 3

Sales and Operations Planning 1

Sales and Operations Planning 2

Sales and Operations Planning 3

Sales and Operations Planning 4

Sales and Operations Planning 5

Sales and Operations Planning 6