a) What is the value of your forecast?

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 19P: The file P13_19.xlsx contains the weekly sales of a particular brand of paper towels at a...
Question
Please do fast ASAP fast
The actual number of patients at Providence Emergency Medical Clinic for the first six weeks of this year
follows:
Week
Actual No. of Patients
85
89
96
80
86
93
Clinic administrator Dana Schniederjans wants you to forecast patient numbers at the clinic for week 7 by
using this data. You decide to use a weighted moving average method to find this forecast. Your method
uses four actual demand levels, with weights of 0.333 on the present period, 0.250 one period ago, 0.250
two periods ago, and 0.167 three periods ago.
a) What is the value of your forecast?
The value of the forecast is patients (round your response to two decimal places).
-23 456
Transcribed Image Text:The actual number of patients at Providence Emergency Medical Clinic for the first six weeks of this year follows: Week Actual No. of Patients 85 89 96 80 86 93 Clinic administrator Dana Schniederjans wants you to forecast patient numbers at the clinic for week 7 by using this data. You decide to use a weighted moving average method to find this forecast. Your method uses four actual demand levels, with weights of 0.333 on the present period, 0.250 one period ago, 0.250 two periods ago, and 0.167 three periods ago. a) What is the value of your forecast? The value of the forecast is patients (round your response to two decimal places). -23 456
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