The following gives the number of pints of type B blood used at Woodlawn Hospital in the past 6 weeks: Week Of August 31 360 September 7 389 September 14 410 September 21 381 September 28 368 October 5 374 Pints Used a. Forecast the demand for the week of October 12 using a 4-week moving average. [Select] b. What is the MAD? [Select] c. Use a 4-week weighted moving average, with weights of .1, .1, .2, and .6 using .6 for the most recent week. Forecast demand for th week of October 12. [Select] d. What is the MAD? [Select] e. Compute the forecast for the week of October 12 using exponential smoothing with a forecast for August 31 of 363 and a = .47 [Select] f. What is the MAD? [Select] g. Based on evaluating all three forecasting models, which forecast should be chosen? [Select]
The following gives the number of pints of type B blood used at Woodlawn Hospital in the past 6 weeks: Week Of August 31 360 September 7 389 September 14 410 September 21 381 September 28 368 October 5 374 Pints Used a. Forecast the demand for the week of October 12 using a 4-week moving average. [Select] b. What is the MAD? [Select] c. Use a 4-week weighted moving average, with weights of .1, .1, .2, and .6 using .6 for the most recent week. Forecast demand for th week of October 12. [Select] d. What is the MAD? [Select] e. Compute the forecast for the week of October 12 using exponential smoothing with a forecast for August 31 of 363 and a = .47 [Select] f. What is the MAD? [Select] g. Based on evaluating all three forecasting models, which forecast should be chosen? [Select]
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 gives the number of pints of type B blood used at Woodlawn Hospital in the past 6 weeks:
Pints Used
Week Of
August 31
360
September 7 389
September 14 410
September 21 381
September 28 368
October 5 374
a. Forecast the demand for the week of October 12 using a 4-week moving average. [Select]
b. What is the MAD? [Select]
c. Use a 4-week weighted moving average, with weights of .1, .1, .2, and .6 using .6 for the most recent week. Forecast demand for the
week of October 12. [Select ]
d. What is the MAD? [Select ]
>
e. Compute the forecast for the week of October 12 using exponential smoothing with a forecast for August 31 of 363 and a =
[Select]
.47
f. What is the MAD? [Select]
g. Based on evaluating all three forecasting models, which forecast should be chosen? [Select]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7d3ae8d7-5658-4ed4-9668-4ee58a946812%2F3c53f058-4090-4e5f-9325-ab0f81671a8c%2Fdhoy8sg_processed.png&w=3840&q=75)
Transcribed Image Text:The following gives the number of pints of type B blood used at Woodlawn Hospital in the past 6 weeks:
Pints Used
Week Of
August 31
360
September 7 389
September 14 410
September 21 381
September 28 368
October 5 374
a. Forecast the demand for the week of October 12 using a 4-week moving average. [Select]
b. What is the MAD? [Select]
c. Use a 4-week weighted moving average, with weights of .1, .1, .2, and .6 using .6 for the most recent week. Forecast demand for the
week of October 12. [Select ]
d. What is the MAD? [Select ]
>
e. Compute the forecast for the week of October 12 using exponential smoothing with a forecast for August 31 of 363 and a =
[Select]
.47
f. What is the MAD? [Select]
g. Based on evaluating all three forecasting models, which forecast should be chosen? [Select]
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