4.1The following gives the number of pints of type Bblood used at Woodlawn Hospital in the past 6 weeks:WBBK OFPINTIS USEDAugust 31September 7September 14360389410September 21September 28381368October 5374a) Forecast the demand for the week of October 12 using a3-week moving average b) Use a 3-week weighted moving average, with weights of.l, .3,and .6, using .6 for the most recent week. Forecast demand forthe week of October 12.c) Compute the forecast for the week of October 12 using exponentialsmoothing witha forccast for August 31 of 360 and a = 2. PK

Forecasting is the process of determining the estimated future demand using historical information…

Answered: b) Use a 3-week weighted moving…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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b) Use a 3-week weighted moving average, with weights of.1, .3, and .6, using.6 for the most recent week. Forecast demand for the week of October 12. c) Compute the forecast for the week of October 12 using exponential smoothing with a forecast for August 31 of 360 and a = 2 PX