Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
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 7 372
September 14 410
September 21 381
September 28 366
October 5 374
a) The forecasted demand for the week of October 12 using a 3-week moving average = ____ pints (round your response to two decimal places).
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
August 31
September 7
September 14
September 21
September 28
October 5
Pints Used
360
372
410
381
366
374
a) The forecasted demand for the week of October 12 using a 3-week moving average
pints (round your response to two decimal places).
Expert Solution
Step 1
the final answer is 373.67 approx
Approach used for the solution;-
Under three period moving average method we take average of the actual value of the previous three period to have the forecasted value for the required next period
here the previous three periods will be sept 21,sept 28,and oct 5
formula for the same:
= actual value of the previous three period/3
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