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Forecasting and CPM problem

A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 34 million, while the forecast was 44 million. A smoothing constant of .2 is used.

(a) What is the forecast for July?

____________ million checks
Round your answer to 1 decimal place; for example, 12.3.

(b) If the center received 45 million checks in July, what would be the forecast for August?

____________ million checks
Round your answer to 1 decimal place; for example, 12.3.

Question 6: (1 point)

Task time estimates for a production line setup project at Robert Klassen's Ontario factory are as follows:

Immediate
Activity Time (in hours) Predecessors

A 5.6 ?
B 4.5 ?
C 6.2 A
D 4 B, C
E 5.7 B, C
F 5.7 D
G 4.4 E, F

What is the expected project length?

____________ hours
Round your answer to 1 decimal place; for example, 12

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Solution Summary

This posting contains solution to following two problems: one on forecasting and one on CPM

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