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Systembolaget uses forecasting to predict the number of bottles they think they will sell the next day. Below are the number of bottles sold each day during the five-day work week for the past three weeks: 140, 172, 144, 112, 162, 135, 158, 174, 146, 172, 163, 141, 162, 138, 159. Use a five day moving average to forecast the number of bottles that Systembolaget expect to sell during the upcoming week! What is the forecast for the next time period if Systembolaget uses exponential smoothing with a smoothing constant of .2?
Mike is preparting the x-bar chart and the R chart for Uncle Ben's 2lb. box rice packaging line. Using the standard sample size of 9 items. Mike found the average range is .02 l
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