he following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks:                     week of     pints used                     aug 31         360                     sep   7          370                     sep  14        412                     sep   21       383                     sep    28       371                      oct    5          371 a) the forecasted demand for the week of Oct 12 using a 3 week moving average= 375 pints 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 forecased demand for the week of Oct 12 = 372.20  c) If the forecasted demand for the week of Aug 31 is 360 and (alpha symbol)= 0.30, using exponential smoothing, develop the forecast for each of the weeks with the known demand and the forecast for the week of Oct 12                       week of     pints used        forecast for this date                         Aug 31        360                            360                          Sep    7        370                           360.00                          Sep 14         412                           363.00                          Sep 21          383                           [_____]

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.6: Moving Averages Models
Problem 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...
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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     pints used

                    aug 31         360

                    sep   7          370

                    sep  14        412

                    sep   21       383

                    sep    28       371

                     oct    5          371

a) the forecasted demand for the week of Oct 12 using a 3 week moving average= 375 pints

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 forecased demand for the week of Oct 12 = 372.20 

c) If the forecasted demand for the week of Aug 31 is 360 and (alpha symbol)= 0.30, using exponential smoothing, develop the forecast for each of the weeks with the known demand and the forecast for the week of Oct 12

                      week of     pints used        forecast for this date

                        Aug 31        360                            360

                         Sep    7        370                           360.00

                         Sep 14         412                           363.00

                         Sep 21          383                           [_____]

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