Explain how mad is used to calculate forecast accuracy, Operation Management

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Explain how mad is used to calculate forecast accuracy

Explain how MAD is used to calculate forecast accuracy; provide an example of a MAD calculation. What one piece of data does MAD not show?

Describe the various operations within an amusement park that need to have balanced capacity. Which operations are most likely to become a bottleneck? How might an amusement park utilize yield management to influence demand to better fit available capacity?

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Operation Management: Explain how mad is used to calculate forecast accuracy

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Operation Management: Explain how mad is used to calculate forecast accuracy

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