Additional Algo 15-12 Forecasting with SeasonalityDemand history for the past three years is shown below, along with the seasonal indices for each quarter.SeasonalIndex1.25YearYear 1Year 2Year 3Quarter010203040102030401020304Year 4, 01 forecastDemand9268195855159128746515528618285715421.1760.8370.7451.251.1760.8370.7451.251.1760.8370.745Use exponential smoothing with alpha (a) - 0.3 and an initial forecast of 720 along with seasonality to calculate the Year 4, Q1 forecast.Note: Do not round intermediate calculations. Round your answer to the nearest whole number.

Answered: Additional Algo 15-12 Forecasting with…

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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The following table gives the number of pints of type A blood used at Woodlawn Hospital in the past 6 weeks: Week Of August 31 September 7 September 14 September 21 September 28 October 5 - a) The forecasted demand for the week of October 12 using a 3-week moving average = pints (round your response to two decimal places). b) Using a 3-week weighted moving average, with weights of 0.10, 0.30, and 0.60, using 0.60 for the most recent week, the forecasted demand for the week of October 12 = pints (round your response to two decimal places and remember to use the weights in appropriate order the largest weight applies to most recent period and smallest weight applies to oldest period.) Week Of c) If the forecasted demand for the week of August 31 is 360 and a = 0.20, using exponential smoothing, develop the forecast for each of the weeks with the known demand and the forecast for the week of October 12 (round your responses to two decimal places). August 31 September 7 September 14…

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