The following table gives the number of pints of type A blood used at Woodlawn Hospital in the past 6 weeks:Week OfAugust 31September 7September 14September 21September 28October 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 andremember to use the weights in appropriate order the largest weight applies to most recent period and smallest weight applies to oldest period.)Week Ofc) 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 yourresponses to two decimal places).August 31September 7September 14September 21September 28October 5October 12Pints Used360389Pints Used360389410381368374410381368374IForecast for thisDate360360.00365.80

Forecasting is a process that predict the future demand using available past actual information. The…

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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d) Using exponential smoothing with α = 0.40 and the forecast for year 1 being 3,000, the forecast for year 6 = ? miles (round your response to the nearest whole number).
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…
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
An analyst must decide between two different forecasting techniques for weekly sales of rollerblades: a linear trend equation and the naive approach. The linear trend equation is Ft= 124 + 2t,and it was developed using data from periods 1 through 10. Based on data for periods 11 through20 as shown in the table, which of these two methods has the greater accuracy if MAD and MSEare used?t Units Sold11 14712 14813 15114 14515 15516 15217 15518 15719 16020 165
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…
The following gives the number of accidents that occurred on Florida State Highway 101 during the last 4 months: Month Jan Feb Mar Apr Number of Accidents 30 48 70 90 Part 2 Using the least-squares regression LOADING... method, the trend equation for forecasting is (round your responses to two decimal places): y = enter your response here + enter your response here x Y=?+?x
3)The errors in a particular forecast are as follows: 3, -3, 4, 0, -2. What is the tracking signal for each period of the forecast? (use excel to show formulas )
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?
The monthly sales for Yazici Batteries, Inc., were as follows: Jan Feb Mar Apr May Jun Jul Aug Sept Oct 21 23 17 14 11 16 16 18 Nov Dec 20 20 20 24 Month Sales This exercise contains only parts b and c b) The forecast for the next month (Jan) using the naive method=sales (round your response to a whole number). The forecast for the next period (Jan) using a 3-month moving average approach = sales (round your response to two decimal places). The forecast for the next period (Jan) using a 6-month weighted average with weights of 0.10, 0.10, 0.10, 0.20, 0.20, and 0.30, where the heaviest weights are applied to the most recent month= sales (round your response to one decimal place) Using exponential smoothing with a = 0.30 and a September forecast of 21.00, the forecast for the next period (Jan) = sales (round your response to two decimal places). Using a method of trend projection, the forecast for the next month (Jan) = sales (round your response to two decimal places). c) The method…
The monthly sales for Yazici Batteries, Inc., were as follows: Month Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Sales 21 21 17 12 11 15 16 17 20 21 20 22 This exercise contains only parts b and c. Part 2 b) The forecast for the next month (Jan) using the naive method = enter your response here sales (round your response to a whole number).

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