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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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