Question
Use the table Manufacturing Capacity Utilization to answer the questions below. Manufacturing Capacity Utilization In Percentages Day Utilization Day Utilization 1 82.5 9 78.8 2
Use the table Manufacturing Capacity Utilization to answer the questions below.
Manufacturing Capacity Utilization In Percentages | |||
Day | Utilization | Day | Utilization |
1 | 82.5 | 9 | 78.8 |
2 | 81.3 | 10 | 78.7 |
3 | 81.3 | 11 | 78.4 |
4 | 79.0 | 12 | 80.0 |
5 | 76.6 | 13 | 80.7 |
6 | 78.0 | 14 | 80.7 |
7 | 78.4 | 15 | 80.8 |
8 | 78.0 |
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Part (a): What is the project manufacturing capacity utilization for Day 16 using a 3-day moving average? Part (b): What is the project manufacturing capacity utilization for Day 16 using a 6-day moving average? Part (c): Use the mean absolute deviation (MAD) and mean square error (MSE) to determine which average provides the better forecast.
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