Question: 1.if the exponential smoothing forecast (smoothing factor = .81) for 2022 is 62,445, and demand for the year comes in at 78525, what is the
1.if the exponential smoothing forecast (smoothing factor = .81) for 2022 is 62,445, and demand for the year comes in at 78525, what is the forecasting error?
| year | demand | forecast | error |
| 2018 | 75000 |
|
|
| 2019 | 125000 |
|
|
| 2020 | 50000 |
|
|
| 2021 | 150015 |
2.
Capacity Planning is:
| Unconstrained planning
| ||
| All of these
| ||
| None of these | ||
| Constrained planning
| ||
| Beneficial to the planning of the company |
3. 100% utilization is always a good idea.
True
False
4.what are the components of the recipe card?
5.
What is the 4 year weighted moving average for 2022? Given the following weights: most recent = .5, second most recent = .25, third most recent = .15, and fourth most recent = .1.
| year | demand | forecast | error |
| 2018 | 75000 |
|
|
| 2019 | 125000 |
|
|
| 2020 | 50000 |
|
|
| 2021 | 150015 |
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