1. Using 4 period (week) moving average (MA) forecasting method, find forecast for week 6.

Weeks	Actual number of patients	Forecasted number of patients
1	655
2	692
3	678
4	726
5	736
6	812	?

a. 697

b. 738

c. 736

d. 716

e. 708

2. Provide a forecast for return of investment (ROI) in March using exponential smoothing method with an alpha () value of 0.25.

Months	Actual return of investment (ROI) in billions	Forecasted return of investment (ROI) in billions
February	7.20	5.40
March	5.50	?

a. 6.30

b. 7.20

c. 5.85

d. 6.75

e. 6.35

3. A regression analysis of property prices in a neighborhood over the last 11 years (2010-2020) reveals that the average price per square foot (sq.ft.) is linearly increasing each year at a relatively constant rate, $0.20 per year (b). Intercept (a) of the regression line is $116. Provide a forecast for average price per sq.ft. in 2030 using trend line forecasting method.

a. $120.00

b. $118.20

c. $120.20

d. $124.40

e. $122.20

4. Annual demand (D) for an item is 4,000 units. Ordering Cost (S) is $400 per order. Holding cost (H) is $20 per unit per year. Find economic order quantity (Q ).

a. 800 units per order

b. 160,000 units per order

c. 200 units per order

d. 400 units per order

e. 283 units per order