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
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a)
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
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- Q5) Monthly sales for a six month period are as follows: Month SalesJan 18,000Feb 22,000Mar 16,000Apr 18,000May 20,000June 24,000 Compute the sales forecast for July using the following approaches: (1) Four-month moving average; (2) Weighted three-month moving average using .50 for June, .30 for May and .20 for April;(3) Exponential smoothing with α (smoothing constant) equal to .40, assuming a February forecast of 18,000K The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks: a) The forecasted demand for the week of October 12 using a 3-week moving average Week Of August 31 September 7 September 14 September 21 September 28 October 5 Pints Used 350 389 408 378 366 371 pints (round your response to two decimal places).K The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks: Week Of August 31 September 7 September 14 September 21 September 28 October 5 - Pints Used 350 370 412 378 371 378 a) The forecasted demand for the week of October 12 using a 3-week moving average = 375.67 pints (round your response to two decimal places). b) Using a 3-week weighted moving average, with weights of 0.15, 0.30, and 0.55, using 0.55 for the most recent week, the forecasted demand for the week of October 12 = 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.) pints (round your response to two
- Q1) Forecasting is both art and science. Describe the situations where we use Qualitative forecasting techniques and quantitative forecasting techniquesNational Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month Sales (000 units)Feb. 19Mar. 18Apr. 15May 20Jun. 18Jul. 22Aug. 20 Forecast September sales volume using each of the following: (1)The naive approach. (2)A five-month moving average. (3)A weighted average using .60 for August, .30 for July, and .10 for June.The table shows the values found in the error analysis. What method of forecasting would be best to use? What is the forecasted value? MSE forecast for week 13 Time Series 1.08 14.76 3-week MA 3.04 13.67 exp smoothing 11.04 9.5 Group of answer choices A.) Time Series, forecasted value = 14.76 B.) 3-week MA, forecasted value = 13.67 C.) exp smoothing, forecasted value = 9.5 D.) Time Series, forecasted value = 1.08 E.) 3-week MA, forecasted value = 3.04 F.) exp smoothing, forecasted value = 11.04
- q10- What is the best description of Granger-causality? Select one: a. the ability of lags of one variable to contribute to the forecast of another variable b. the ability of a variable to predict its own future c. the ability of the one variable to explain it own past d. None of the above Clear my choiceThe classified department of a monthly magazine has used a combination of quantitative and qualitative methods to forecast sales of advertising space. Results over a 20-month period are as follows: Month Error Month Error 1 —8 11 1 2 —2 12 6 3 4 13 4 7 14 4 5 9 15 1 6 5 16 —2 7 0 17 —4 8 —3 18 —8 9 -9 19 —5 10 —4 20 —1 a. Compute a tracking signal for months 11 through 20. ComputeThe following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks: Week Of August 31 September 7 September 14 September 21 September 28 October 5 Pints Used 350 370 412 378 371 378 a) The forecasted demand for the week of October 12 using a 3-week moving average: response to two decimal places). 106 pints (round your
- Plot the table and give at least three observations from the plot according to the given data Weeks Calls 3 month Weighted Moving Average Error =Abs (Actual -Forecasted) (Sum of Absolute percent error) 1 50 2 35 3 25 4 40 31.42857143 8.571428571 21.42857143 5 45 35 10 22.22222222 6 35 40.71428571 5.714285714 16.32653061 7 20 38.57142857 18.57142857 92.85714286 8 30 27.85714286 2.142857143 7.142857143 9 35 27.85714286 7.142857143 20.40816327 10 20 31.42857143 11.42857143 57.14285714 11 15 25.71428571 10.71428571 71.42857143 12 40 19.28571429 20.71428571 51.78571429 13 55 30 25 45.45454545 14 35 45 10 28.57142857 15 25 41.42857143 16.42857143 65.71428571 16 55 32.14285714 22.85714286 41.55844156 17 55 43.57142857 11.42857143 20.77922078 18 40 50.71428571…K The following table gives the number of pints of type A blood used at Damascus 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 0.20, 0.35, and 0.45, using 0.45 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.) August 31 September 7 September 14. September 21 September 28 October 5 October 12 c) If the forecasted demand for the week of August 31 is 345 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…1. The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks: Part 2 Week Of Pints Used August 31 350 September 7 372 September 14 412 September 21 381 September 28 366 October 5 378 Part 3 a) The forecasted demand for the week of October 12 using a 3-week moving average LOADING... = _____________pints (round your response to two decimal places).