Week Of Pints Used August 31 September 7 September 14 September 21 September 28 October 5 345 370 410 378 368 371 ) The forecasted demand for the week of October 12 using a 3-week moving average = 372.33 pints (round your response to two decimal places). ) Using a 3-week weighted moving average, with weights of 0.15, 0.30, and 0.55, using 0.55 for the most recent week, the forecasted demand for the week of October 12 = 371.15 pints (round your esponse 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.) If the forecasted demand for the week of August 31 is 345 and a = 0.25, using exponential smoothing, develop the forecast for each of the weeks with the known demand and the forecast for the week f October 12 (round your responses to two decimal places). Forecast for this Date Week Of Pints Used August 31 345 345 September 7 September 14 370 345.00 410 351.25 September 21 378

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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Week Of
Pints Used
August 31
September 7
September 14
September 21
September 28
345
370
410
378
368
October 5
371
a) The forecasted demand for the week of October 12 using a 3-week moving average = 372.33 pints (round your response to two decimal places).
b) Using a 3-week weighted moving average, with weights of 0.15, 0.30, and 0.55, using 0.55 for the most recent week, the forecasted demand for the week of October 12 = 371.15 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 345 and a = 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).
Week Of
Pints Used
Forecast for this
Date
August 31
345
345
September 7
370
345.00
September 14
410
351.25
September 21
378
Transcribed Image Text:Week Of Pints Used August 31 September 7 September 14 September 21 September 28 345 370 410 378 368 October 5 371 a) The forecasted demand for the week of October 12 using a 3-week moving average = 372.33 pints (round your response to two decimal places). b) Using a 3-week weighted moving average, with weights of 0.15, 0.30, and 0.55, using 0.55 for the most recent week, the forecasted demand for the week of October 12 = 371.15 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 345 and a = 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). Week Of Pints Used Forecast for this Date August 31 345 345 September 7 370 345.00 September 14 410 351.25 September 21 378
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