The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks:Week OfAugust 31September 7September 14September 21September 28October 5a) The forecasted demand for the week of October 12 using a 3-week moving average = 375 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 = 375.45 pints (round your response to two deamal places andremember 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 360 and a = 0.30, 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 responsesto two decimal places).Week OfPints Used360389410381366378August 31September 7September 14September 21Pints Used360389410381Forecast for thisDate360360.00368.70

Forecasted demand helps in determining the demand for produced goods and services by the company in…

Answered: The following table gives the number of…

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 table gives the number of pints of type A blood used at Woodlawn 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 0.10, 0.30, and 0.60, using 0.60 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.) c) If the forecasted demand for the week of August 31 is 360 and α = 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 responses to two decimal places). Week Of August 31 September 7 September 14 September…
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 Aug 31 360 Sep 7 370 Sep 14 412 Sep 21 383 Sep 28 371 Oct 5 371 A) The forecasted demand for the week of October 12 using a 3-week moving average = 375 B) Using the 3-week weighted moving average, with weights of 0.10, 0.35, 0.55, using 0,55 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.)
The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks: August 31 September 7 September 14 Week Of September 21 September 28 October 5 Week Of a) The forecasted demand for the week of October 12 using a 3-week moving average = pints (round your response to two decimal places). pints (round your b) Using a 3-week weighted moving average, with weights of 0.10, 0.35, and 0.55, using 0.55 for the most recent week, the forecasted demand for the week of October 12 = 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 350 and x = 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). August 31 September 7 September 14…
Chart and Regression analysis : What does the intercept predict? X: C16 (number of cars on the sales lot) versus Y: C17 (cars sold per day) Equation: y=2.9x + 14.5 Slope:2.9 Intercept:14.5 Does the intercept mean the intercept is 14.5 means that the cars sold per day( Y) predicted number of cars on sale lot(X) to be 14.5, but this intercept has no meaning. So, I will not use to predict cars sold per day?
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).
what is the main difference between casual methods and time series methods used in forecasting? explain using briefly your own words
State the impacts of covid -19 on forecasting of airline industry ?
The following table contains the number of complaints received in a department store for the first 6 months of operation: Note: Round final answer to a whole number. MONTH January February COMPLAINTS 38 49 86 96 116 146 If a three-month moving average is used to smooth this series, what would have been the forecast for May? March April May June Forecast for May
The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks: S 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 0.15, 0.35, and 0.50, using 0.50 for the most recent week, the forecasted demand for the week of October 12 = 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 350 and a = 0.30, 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 350 350.00 356.00 August 31 September 7 September 14 September 21 September 28 October 5 October 12 Pints…
In comparison to causal techniques, what are the fundamental assumptions when utilizing predictive time series techniques?
8
The following table contains the number of complaints received in a department store for the first 6 months of operation: MONTH COMPLAINTS January 39 February 50 March 88 April 99 May June 115 154 If a three-month moving average is used to smooth this series, what would have been the forecast for May?

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