Data to forecast the next period

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Reference no: EM131954449

The following table gives the number of pints of A blood used at Damascus Hospital in the past? 6? weeks:

Week of pints Used

August 31 345

September 7 389

September 14 408

September 21 383

September 28 366

October 5 378

Moving average?: A forecasting method that uses an average of the n most recent periods of data to forecast the next period.

?a) The forecasted demand for the week of October 12 using? a? 3-week moving average? = _____pints ??

??b) Using? a? 3-week weighted? moving? average, with weights of? 0.10, 0.35, and? 0.55, using 0.55 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 long? dash- 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 345 and? alphaα ?=? 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 Pints Used Forecast for this date

August 31 345 345

September 7 389 345.00

September 14 408 358.0

September 21 383 _____

September 28 366 ______

October 5 378 _______

October 12 - _____

Reference no: EM131954449

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