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 31 360 September 7 370 September 14 412 September 21 383 September 28 371 October 5 371 a) The forecasted demand for the week of October 12 using a 3-week moving average= {__] Pints (round your response to two decimal places)
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 31 360
September 7 370
September 14 412
September 21 383
September 28 371
October 5 371
a) The forecasted demand for the week of October 12 using a 3-week moving average= {__] Pints (round your response to two decimal places).
Moving average method is quite possibly the most famous quantitative techniques utilized sought after estimating. It is valuable when request is consistently steady. A straightforward n-period moving normal estimate is equivalent to the normal of the genuine qualities in the past n time frames. A weighted n-period moving normal figure is the weighted normal of the real qualities in the past n time frames. Exponential smoothing is a refined weighted moving normal technique that allots dramatically diminishing loads to past demand values.
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