The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks:August 31September 7September 14Week OfSeptember 21September 28October 5Week Ofa) 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 yourb) 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 forthe week of October 12 (round your responses to two decimal places).August 31September 7September 14September 21September 28October 5October 12Pints Used350370410378371378Pints Used350370410378371378Forecast for thisDate350350.00355.00

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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Tucson Machinery, Inc., manufactures numerically controlled machines, which sell for an average price of $14.0 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10. QUARTER LAST YEAR I II III IV QUANTITY (UNITS) Y = 14 20 28 18 QUARTER THIS YEAR I II III IV QUANTITY (UNITS) 20 26 30 15 a. Find the equation of a simple linear regression line using Excel. (Round your answers to 3 decimal places.) > Answer is complete but not entirely correct. 18.535 X + 0.630 t
The following are monthly actual and forecast demand levels for May through December for units of a product manufactured by the Deborah Bishop Company in Des Moines: Month May June July August September October For the given forecast, the tracking signal = = MADS (round your response to two decimal places). November December Actual Demand 100 80 1/10 115 105 110 125 120 Forecast Demand 100 104 99 101 104 104 105 109
The number of daily calls for the repair of Speedy copy machines has been recorded as follows: a. Prepare three-period moving-average forecasts for the data. What is the error on each day? b. Prepare three-period weighted-moving-average fore-casts using weights of w1= .5, w2= .3, w3= .2. c. Which of the two forecasts is better?
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Pls do fast within 5 minutes and i will give like for sure Solution must be in typed form
Below is the number of complaints received in a department store for the first six months of operation: Month Complaints January February March April May June 37 48 84 96 114 148 If a three-month moving average is used to smooth this series, what would have been the forecast for July, rounded to the nearest whole number?
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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 August 31 September 7 September 14 September 21 September 28 October 5 Pints Used 350 370 410 381 371 378 a) The forecasted demand for the week of October 12 using a 3-week moving average = 376.67 pints (round your response to two decimal places). b) Using a 3-week weighted moving average, with weights of 0.20, 0.35, and 0.45, using 0.45 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: Week Of August 31 September 7 September 14 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). 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 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 a = 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). August 31 September 7 September 14 September 21…
Jean and Dinah had been in business for two years producing umbrellas to be sold to the cruise ship passengers when they docked. They found that they are constantly out of umbrellas and had to rush producions which has resulted in the increase of their production cost. Jean has a nephew who is enrolled in the UWIOC and he advised her to prepare forecasted qualities using the sales that they made over the past months. The data below represents sales for the last 9 months. In order to assist Jean and Dinah you are asked to; a. plot the data on a graph showing the trend b. determine the equation of the trend line c. predict sales for month 10 and 11. Months Sales 1 44 2 52 3 50 4 54 5 55 6 55 7 60 8 56 9 62
I understand the moving average concept but not the weighted moving average and exponential smoothing
Define the MONITORING FORECAST ERROR?

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