The acutal number of patients at Omaha Emergency Medical Clinic for the first si
ID: 409014 • Letter: T
Question
The acutal number of patients at Omaha Emergency Medical Clinic for the first six weeks of this year follows:
Clinic Administrator Marc Schnider wants you to forecast patient numbers at the clinic for week 7 by using this data. You decid to use a weighted moving average method to find the forecast. Your method uses four actual demand levels, with weights of 0.40 on the present period, 0.30 one period ago, 0.20 two periods ago, and 0.10 three periods ago.
What is the value of your forecast (round to two decimal places)
week Number of actual patients 1 85 2 89 3 97 4 80 5 86 6 95Explanation / Answer
forecast of patient numbers at the clinic for week 7 = 0.40*95 + 0.30*86 + 0.20*80 + 0.10*97
=38+25.8+16+9.7 =89.5
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