4. If you were using a simple exponential smoothing forecast model ( equal to 0.

Question

4. If you were using a simple exponential smoothing forecast model ( equal to 0.20) which generated a forecast of 25.10 units for the current week October 11-17, what would be your forecast of demand for next week, the week October 18-24? Remember: Ft-n-aAt + (14) 5. Various MPS practices were discussed in class. From the following statements, identify which is false a. Backward loading refers to the practice of allocating capacity to an order working from its due date b. A "level" MPS attempts to utilize varying employment levels (or possibly employment utilization C. A "chase" or "matching" MPS attempts to equalize production and demand rates in each production d Earward loading refers to the practice of allocating capacity to an order working from the back towards the present time. rates) to absorb fluctuations in demand. planning period. time into the future given lead time requirements. present broad objectives of a MPS are to meet demand and to minimize costs. 6. As discussed in class, the execution cycle consists of various activities. Which of e. Assembly eTh e two the following is not an activity in the execution cycle? a. Distribution b. Purchasing (procurement) c. Postponement d. Fabrication

Explanation / Answer

In a forecasting model using simple moving average, the shorter the time span used for calculating the moving average, the closer the average follows volatile trends. In a forecasting model using simple exponential smoothing, the data pattern should remain stationary

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