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    Forecasting and CPM problem

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    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

    © BrainMass Inc. brainmass.com June 3, 2020, 9:34 pm ad1c9bdddf
    https://brainmass.com/business/business-management/188880

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    Solution Summary

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

    $2.19

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