Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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The actual number of patients at Providence Emergency Medical Clinic for the first six weeks of this
year follows:
Week Actual No. of Patients
1
67
2
68
76
59
64
73
W N
3
4
5
6
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 0.500 on the present period, 0.250 one period
ago, 0.125 two periods ago, and 0.125 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).
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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: Week Actual No. of Patients 1 67 2 68 76 59 64 73 W N 3 4 5 6 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 0.500 on the present period, 0.250 one period ago, 0.125 two periods ago, and 0.125 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).
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