1- A company is manufacturing 23,205components per month (30 days) by employing 129workers in an 7.6 hour...
Question:
1- A company is manufacturing 23,205components per month (30 days) by employing 129workers in an 7.6 hour shift. The company gets additional orders from government to supply an additional 6,671components. Management needs to determine the additional workers need to meet government's demand. What will the productivity level be if management decides to add an additional 23 workers in terms of components per labor-hour? (enter answer to two decimal places)
2- Consider the time-series data of sales for ten weeks. The data represents that a linear trend forecast may be sufficient. What is the slope of the data?
Week | Unit Sales |
1 | 700 |
2 | 724 |
3 | 720 |
4 | 728 |
5 | 740 |
6 | 742 |
7 | 758 |
8 | 750 |
9 | 770 |
10 | 803 |
3- Consider the data comprised of the forecasts and actual observations. What is the forecast accuracy using MAPE technique for the dataset? Enter percent as a decimal.
Period | Actual | Forecast |
1 | 100 | 96 |
2 | 89 | 72 |
3 | 89 | 92 |
4 | 56 | 50 |
5 | 68 | 91 |
6 | 64 | 70 |