October 5 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 October 12 using exponential smoothing with a forecast for August 31 of 360 and a = 2. PX %3D

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...
icon
Related questions
Question

Show your complete solution for A, B, and C.

a) F.
4.1
The following gives the number of pints of type B
m
blood used at Woodlawn Hospital in the past 6 weeks:
b) F
WEEK OF
PINTS USED
Y
August 31
360
c) U
September 7
389
a
fo
September 14
410
a
September 21
381
September 28
368
d) C
October 5
374
a
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 October 12 using exponential
smoothing with a forecast for August 31 of 360 and a =
..
follo
.2. PX
Transcribed Image Text:a) F. 4.1 The following gives the number of pints of type B m blood used at Woodlawn Hospital in the past 6 weeks: b) F WEEK OF PINTS USED Y August 31 360 c) U September 7 389 a fo September 14 410 a September 21 381 September 28 368 d) C October 5 374 a 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 October 12 using exponential smoothing with a forecast for August 31 of 360 and a = .. follo .2. PX
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.