Question: Drew is a demand analyst at the Ruby Memorial Hospital and has collected data for a commonly used surgical instrument. However, Drews dog ate the
Drew is a demand analyst at the Ruby Memorial Hospital and has collected data for a commonly used surgical instrument. However, Drews dog ate the work, and Drew needs to do some quick calculations to fill in some details for a presentation to Dr. Paine (the boss) in the next ten minutes (Assume one period ahead forecasts).
Year Month Demand
2022 Sep 367
2022 Oct 198
2022 Nov 227
2022 Dec 192
2023 Jan 334
2023 Feb 389
2023 Mar 277
2023 Apr 348
2023 May 356
2023 Jun 346
2023 Jul 301
2023 Aug 279
Help poor Drew to calculate a regular moving average forecast (N=4) for September 2023; assume we forecast one period ahead, i.e., if we want to forecast demand at the time "t+1", we are standing at period "t". Use one decimal digit in your final answer.
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