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Do NOT use Minitab for this problem; you may use Excel. Handy, Inc. produces a solar powered electronic calculator that has experienced the following monthly sales history for the first four months of the year, in thousands of units: January 23.3 February 72.3 March 30.3 April 15.5 a. If the forecast for January was 25, determine the one-period-ahead forecasts for February through May using simple exponential smoothing with a smoothing constant of =0.15. b. Repeat the calculation in part a) for a value of =0.40. What difference in the forecasts do you observe? c. Compute the MSEs for the forecasts you obtained in parts a) and b) for February through April. Which value of gave more accurate forecasts, based on the MSE?
A bank is attempting to determine where its assets should be invested during the current year. At present, $500,000 is available for investment in bonds, home loans, auto loans, an
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1. If the design tolerance limits for the process are 9.7/11.2, determine the process capability indices C p and C pk . Comment on the values obtained. 2. 1000 items produced
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