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 .

Consider the following simple exponential

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. Consider the time series data of actual sales and forecasts for a given product: What is the MSE between actual and forecast? What are the required number of units to be scheduled into workstation 1 if the line must produce a total of 67,415 units. Product flows through line in a sequential process fashion: Workstation 1, 2, then to 3. 1 >23 The following scrap costs and defect rates are given below

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