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Forecast the demand for the week of October 12 using a 3-week moving average. 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 Oct 12 using exponential  smoothing with a forecast for august 31 of 360 and alpha 0.2

Forecast the demand for the week of October 12 using a 3-week moving average. 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 Oct 12 using exponential  smoothing with a forecast for august 31 of 360 and alpha 0.2

Practical Management Science
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) Forecast the demand for the week of October 12 using a 3-week moving average.

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 Oct 12 using exponential 

smoothing with a forecast for august 31 of 360 and alpha 0.2 

Problems 4.1-4.42 relate to Time-Series Forecasting • 4.1 blood used at Woodlawn Hospital in the past 6 weeks: The following gives the number of pints of type B WEEK OF PINTS USED August 31 360 September 7 389 September 14 410 September 21 381 September 28 368 October 5 374
Transcribed Image Text:Problems 4.1-4.42 relate to Time-Series Forecasting • 4.1 blood used at Woodlawn Hospital in the past 6 weeks: The following gives the number of pints of type B WEEK OF PINTS USED August 31 360 September 7 389 September 14 410 September 21 381 September 28 368 October 5 374
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