Assignment No.

Forecasting From any source collect monthly or quarterly data of any company on Sales / Profits / Expenditure etc for continuous period of five years (preferably latest available data) 1. Using simple and weighted moving average, find appropriate method for forecasting. 2. Establish regression line and find forecasts. Also calculate MSE. 3. Forecast for the next four periods. 4. Use exponential smoothing method to forecast for the next period, by choosing the appropriate value of alpha and the initial forecast. Also calculate MAPE. 5. Comment on the quality of your forecast model. 6. Plot the data on time line. Also plot seasonal components. Further plot the regression line. Comment on the plots. 7. Do you suggest any other method for forecast on your data?

Assignment no. 3

Note : Make a group of 6 students. Topic: Queuing Theory

1. Select any place where queues are formed for getting service. (For e.g. Banks, hotels, billing counters in the malls etc.) 2. Visit the place. Study the elements of the queuing system. 3. Prepare data sheet giving the operating characteristics of queuing system for the data collected during peak hours over few days. 4. Find one of the suitable models that approximately represent the system and calculate the operating characteristics. 5. Compare the results obtained using the formulae with actual results obtained from the data sheet. 6. Carry out simulation based on available data. 7. Arrive at conclusions, recommendations and suggestions. 8. Submit your assignment in the form of report.