a. Compute a three-week moving average forecast for the arrival of medical clinic patients in week 4. The numbers of arrivals for the past 3 weeks were as follows: Week Patient Arrivals1 4002 3803 411 b. If the actual number of patient arrivals in week 4 is 415, what is the forecast error for week 4?c. What is the forecast for week 5?
a. Compute a three-week moving average forecast for the arrival of medical clinic patients in week 4. The numbers of arrivals for the past 3 weeks were as follows: Week Patient Arrivals1 4002 3803 411 b. If the actual number of patient arrivals in week 4 is 415, what is the forecast error for week 4?c. What is the forecast for week 5?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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a. Compute a three-week moving average
Week Patient Arrivals
1 400
2 380
3 411
b. If the actual number of patient arrivals in week 4 is 415, what is the forecast error for week 4?
c. What is the forecast for week 5?
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