Only need help with the questions after 3.

b. (7) Minimax regret Decision Poor condition Expand Maintain status quo Sell now c. (3') Hurwicz (with a = .3) 2) (8) Find the expected value and expected opportunity loss for each option. 3) (5) Compute expected value of perfect information (EVPI). 4) (10') Given the following, P(Pig) = .70, P(Nig) = .30, P(Pb)=0.20, P(Nib) = .80, determine posterior probabilities (there are 4 of them) using Bayes' rule. State of nature Good Foreign competitive condition 5) (14') Perform a decision tree analysis (draw a tree and solve it) if we have the option to hire a consultant at the cost of $10000. What is the value of EVSI? Calculate the efficiency of sample information. Month Demand for soft shag carpet (1000yd) 10 12 12245 3 8 9 13 1). (5) Compute a weighted 3-month moving average forecast for month 4 to 6. Assign weights of 0.5, 0.3 and 0.2 to the moths in sequence, starting with the most RECENT month. Find the MAD in this method. 2). (13) Use a=0.3 and -0.4, and find the adjusted exponential smoothing. Find the MAPD, and average error. 2 160 130 200 175 Find the value of the seasonal index for the second quarter? If the forecast of year 3 is 720, what is the value of the forecast of Quarter 3 in year 3? 4. (8') we observe the demand data for last past few months as below: Month Demand Sep 100 Oct 120 Nov 90 Dec 110 Jan 130 Find the linear trend line, and forecast the demand of the following April