a) The forecasted demand for the week of October 12 using a 3-week moving average = 373.33 pints (round your response to two decimal places). b) Using a 3-week weighted moving average, with weights of 0.20, 0.25, and 0.55, using 0.55 for the most recent week, the forecasted demand for the week of October 12 = 373.3 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 360 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 August 31 September 7 September 14 September 21 Pints Used 360 372 412 378 Forecast for this Date 360 360.00 363.60
a) The forecasted demand for the week of October 12 using a 3-week moving average = 373.33 pints (round your response to two decimal places). b) Using a 3-week weighted moving average, with weights of 0.20, 0.25, and 0.55, using 0.55 for the most recent week, the forecasted demand for the week of October 12 = 373.3 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 360 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 August 31 September 7 September 14 September 21 Pints Used 360 372 412 378 Forecast for this Date 360 360.00 363.60
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...
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
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 = 373.33 pints (round your response to two decimal places).
b) Using a 3-week weighted moving average, with weights of 0.20, 0.25, and 0.55, using 0.55 for the most recent week, the forecasted demand for the week of October 12 = 373.3 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.)
Week Of
Pints Used
360
372
412
c) If the forecasted demand for the week of August 31 is 360 and x = 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).
August 31
September 7
September 14
September 21
378
368
374
360
372
412
378
Pints Used Forecast for this
Date
360
360.00
363.60](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffaa93dee-b79b-447e-94b4-d19e3a94a632%2F03b24183-31ae-4dec-8847-59168587ac5b%2Fu2krf1_processed.png&w=3840&q=75)
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
a) The forecasted demand for the week of October 12 using a 3-week moving average = 373.33 pints (round your response to two decimal places).
b) Using a 3-week weighted moving average, with weights of 0.20, 0.25, and 0.55, using 0.55 for the most recent week, the forecasted demand for the week of October 12 = 373.3 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.)
Week Of
Pints Used
360
372
412
c) If the forecasted demand for the week of August 31 is 360 and x = 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).
August 31
September 7
September 14
September 21
378
368
374
360
372
412
378
Pints Used Forecast for this
Date
360
360.00
363.60
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
![Contemporary Marketing](https://www.bartleby.com/isbn_cover_images/9780357033777/9780357033777_smallCoverImage.jpg)
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
![Contemporary Marketing](https://www.bartleby.com/isbn_cover_images/9780357033777/9780357033777_smallCoverImage.jpg)
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing