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Consider the following data that shows historical demand levels of a product. Please estimate the demand level for next year, by using exponential smoothing (alpha
Consider the following data that shows historical demand levels of a product. Please estimate the demand level for next year, by using exponential smoothing (alpha =0.25) Table 2: Historical data Instructions: Write your final answer directly with 2 decimal points. m-) (6 points) If the quality characteristic is normally distributed and if the specifications are 36040, what is the potential process capability (Cp) ? n) (4 points) based on your answer of part m and assuming that the process is normally distributed, what is the approximate process fallout (in defective ppm) assuming that the process is in statistical control? o-) (4 points) According to the calculated Cp value in part ' m ', can the process meet the specifications? p-) (4 points) If the quality characteristic is normally distributed and if the specifications are 36040, what is the lower process capability (Cpl) be)? (use 2 decimals)
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