Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Transcribed Image Text:The actual number of patients at Providence Emergency Medical Clinic for the first six weeks of this year follows:
The value of the forecast is
Week Actual No. of Patients
45
49
IT
56
40
44
55
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?
patients (round your response to two decimal places).
123456
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