The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks: Week Of Pints Used August 31 September 7 September 14 345 372 408 September 21 September 28 October 5 383 368 378 a) The forecasted demand for the week of October 12 using a 3-week moving average = 376.33 pints (round your response to two decimal places). b) Using a 3-week weighted moving average, with weights of 0.15, 0.25, and 0.60, using 0.60 for the most recent week, the forecasted demand for the week of October 12 = 376.25 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.) c) If the forecasted demand for the week of August 31 is 345 and a = 0.25, 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 responses to two decimal places). Week Of Pints Used Forecast for this Date August 31 September 7 September 14 345 345 372 345.00 408 351.75 September 21 383 365.81 September 28 368
The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks: Week Of Pints Used August 31 September 7 September 14 345 372 408 September 21 September 28 October 5 383 368 378 a) The forecasted demand for the week of October 12 using a 3-week moving average = 376.33 pints (round your response to two decimal places). b) Using a 3-week weighted moving average, with weights of 0.15, 0.25, and 0.60, using 0.60 for the most recent week, the forecasted demand for the week of October 12 = 376.25 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.) c) If the forecasted demand for the week of August 31 is 345 and a = 0.25, 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 responses to two decimal places). Week Of Pints Used Forecast for this Date August 31 September 7 September 14 345 345 372 345.00 408 351.75 September 21 383 365.81 September 28 368
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.4: Multiple Regression Models
Problem 17P: The owner of a restaurant in Bloomington, Indiana, has recorded sales data for the past 19 years. He...
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![The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks:
Week Of
Pints Used
August 31
September 7
September 14
September 21
345
372
408
383
September 28
368
October 5
378
a) The forecasted demand for the week of October 12 using a 3-week moving average = 376.33 pints (round your response to two decimal places).
b) Using a 3-week weighted moving average, with weights of 0.15, 0.25, and 0.60, using 0.60 for the most recent week, the forecasted demand for the week of October 12 = 376.25 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.)
c) If the forecasted demand for the week of August 31 is 345 and a = 0.25, 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 responses to two decimal places).
Week Of
Pints Used
Forecast for this
Date
August 31
345
345
September 7
372
345.00
September 14
408
351.75
September 21
383
365.81
September 28
368](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F60ae2238-d375-4701-9aec-2226c586eada%2F31218c8f-3934-4a75-b113-8216fe0a9e0f%2Fegdq7y_processed.png&w=3840&q=75)
Transcribed Image Text:The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks:
Week Of
Pints Used
August 31
September 7
September 14
September 21
345
372
408
383
September 28
368
October 5
378
a) The forecasted demand for the week of October 12 using a 3-week moving average = 376.33 pints (round your response to two decimal places).
b) Using a 3-week weighted moving average, with weights of 0.15, 0.25, and 0.60, using 0.60 for the most recent week, the forecasted demand for the week of October 12 = 376.25 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.)
c) If the forecasted demand for the week of August 31 is 345 and a = 0.25, 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 responses to two decimal places).
Week Of
Pints Used
Forecast for this
Date
August 31
345
345
September 7
372
345.00
September 14
408
351.75
September 21
383
365.81
September 28
368
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