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 September 7 September 14 September 21 September 28 October 5 360 372 410 383 371 371 a) The forecasted demand for the week of October 12 using a 3-week moving average = 375.00 pints (round your response to two decimal places). b) Using a 3-week weighted moving average, with weights of 0.10, 0.25, and 0.65, using 0.65 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 Pints Used August 31 September 7 September 14 September 21 September 28 October 5 360 372 410 383 371 371 a) The forecasted demand for the week of October 12 using a 3-week moving average = 375.00 pints (round your response to two decimal places). b) Using a 3-week weighted moving average, with weights of 0.10, 0.25, and 0.65, using 0.65 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.)
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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