Question: a) Forecasted sales for year 6 using a 3-year moving average is sales (round your response to one decimal place). b) The MAD for a

a) Forecasted sales for year 6 using a 3-yeara) Forecasted sales for year 6 using a 3-year

a) Forecasted sales for year 6 using a 3-year moving average is sales (round your response to one decimal place). b) The MAD for a 3-year moving average based forecast is sales (round your response to one decimal place). c) The MSE for a 3-year moving average based forecast is sales (round your response to the nearest whole number). The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks: = a) The forecasted demand for the week of October 12 using a 3-week moving average = pints (round your response to two decimal places). b) Using a 3-week weighted moving average, with weights of 0.20,0.25, 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-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 350 and a =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)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!