The actual demand for the patients at Omaha Emergency MedicalClinic for the firs
ID: 2444576 • Letter: T
Question
The actual demand for the patients at Omaha Emergency MedicalClinic for the first six weeks of this year follows:
Clinic administrator Marc Schniederjans wants you to forecastpatient demand at the clinic for week 7 by using this data. Youdecide to use a weighted average method to find this forecast. Yourmethod uses four actual demand levels, with weights of 0.333 on thepresent period, 0.31 one period ago, 0.19 two periods ago, and0.167 three periods ago.
What is the value of your forecast?
Week 7 forecast = patients
Round your answer to one decimal place, e.g., 12.3.
The actual demand for the patients at Omaha Emergency MedicalClinic for the first six weeks of this year follows:
Week Actual No. of Patients 1 65 2 62 3 70 4 48 5 63 6 52 Clinic administrator Marc Schniederjans wants you to forecastpatient demand at the clinic for week 7 by using this data. Youdecide to use a weighted average method to find this forecast. Yourmethod uses four actual demand levels, with weights of 0.333 on thepresent period, 0.31 one period ago, 0.19 two periods ago, and0.167 three periods ago.
What is the value of your forecast?
Week 7 forecast = patients
Round your answer to one decimal place, e.g., 12.3.
Explanation / Answer
Period Weights Actual number ofpatients WeightedPatients Week 6 0.33 52.00 17.32 Week 5 0.31 63.00 19.53 Week 4 0.19 48.00 9.12 Week 3 0.17 70.00 11.69 Total 1.00 57.66 Forecasted Patients for 57.66 / 1 week 7 ForecastedPatients for 57.66 week7
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