Question: PLEASE COMPLETE WORK IN EXCEL SPREADSHEET ONLY. SHOW ALL FORMULAS/FUNCTIONS TO SHOW ANSWERS AND EXPLAIN TO ME HOW YOU GOT THE ANSWER. DO NOT WRITE
PLEASE COMPLETE WORK IN EXCEL SPREADSHEET ONLY. SHOW ALL FORMULAS/FUNCTIONS TO SHOW ANSWERS AND EXPLAIN TO ME HOW YOU GOT THE ANSWER. DO NOT WRITE IT DOWN IN A PIECE OF PAPER.
- The following gives the number of pints of type B blood used at Woodlawn Hospital in the past 6 weeks.
| Week of | Demand | Forecast |
| 31-Aug | 360 | |
| 7-Sep | 389 | |
| 14-Sep | 410 | |
| 21-Sep | 381 | |
| 28-Sep | 368 | |
| 5-Oct | 374 |
- Forecast the demand for the week of October 12 using a 3-week moving average.
- Use a 3-week weighted moving average, with weights of 0.1, 0.3, and 0.6, using 0.6 for the most recent week. Forecast demand for the week of October 12
- Compute the forecast for the week of October 12 using exponential smoothing with a forecast for August 31 of 360 and a = 0.2
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