Question
Consider the following simple exponential smoothing problem below whereby the initialization forecast for Period 2 forecast is simply the actual observation of period 1. Determine
Consider the following simple exponential smoothing problem below whereby the initialization forecast for Period 2 forecast is simply the actual observation of period 1. Determine the alpha used and then enter the forecast for period 12 to two decimal places.
Period | Actual | Forecast | Error |
1 | 42 | #N/A | |
2 | 40 | 42 | -2 |
3 | 43 | 41.8 | 1.2 |
4 | 40 | 41.92 | -1.92 |
5 | 41 | 41.728 | -0.728 |
6 | 39 | 41.6552 | -2.6552 |
7 | 46 | 41.38968 | 4.61032 |
8 | 44 | 41.85071 | 2.149288 |
9 | 45 | 42.06564 | 2.934359 |
10 | 38 | 42.35908 | -4.35908 |
11 | 35 | ||
12 | ????? |
2- Consider the time series data of actual sales and forecasts for a given product:
time | Actual | Forecast |
1 | 217 | 215 |
2 | 213 | 216 |
3 | 216 | 215 |
4 | 210 | 214 |
5 | 213 | 211 |
6 | 219 | 214 |
7 | 216 | 217 |
8 | 212 | 216 |
9 | 232 | 235 |
What is the MSE between actual and forecast?
3- Consider the following workstations that have been assigned several tasks each based on a precedence diagram. The total demand for the facilities is 190 with 10 available hours in a workday.
Workstation | Tasks assigned | Idle time (min.) on Workstation |
1 | 1, 2, 4,6 | 1.5 |
2 | 3, 5, 7, 10 | 1.1 |
3 | 8, 9, 11, 14 | 1.4 |
4 | 12, 13, 15, 17 | 1 |
What is the balance delay for the facilities as a real number from 1 to 100 to two decimal places?
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