ONLY NEED C THE ANSWER FOR A IS 50 The actual number of patients at Omaha Emerge
ID: 413959 • Letter: O
Question
ONLY NEED C
THE ANSWER FOR A IS 50
The actual number of patients at Omaha Emergency Medical Clinic for the first six weeks of this year follows: Week Actual No. of Patients 45 49 57 39 46 53 Clinic administrator Marc Schniederjans wants you to forecast patient numbers at the clinic for week 7 by using this data. You decide to use a weighted moving average method to find this forecast. Your method uses four actual demand levels, with weights of 0 500 on the present period, 0.250 one period ago, 0.125 two periods ago, and 0.125 three periods ago a) What is the value of your forecast? The value of the forecast is pti(round your response to two decimal places) c What if the weights wee 0.40, 0.30,0.20, and 0.10, respectively? Now what is the forecast for week 7? The value of the forecast is patients (round your response to two decimal placesExplanation / Answer
Forecast under weighted moving average method
= Sum of ( Weight of respective period x Value of respective period )
= Weight of period 6 x Actual of period6 + Weight of period 5 x Actual of period 5 + Weight of period 4 x Actual of period 4 + Weight of period 3 x Value of period 3
= 0.40 x 53 + 0.30 x 46 + 0.20 x 39 + 0.10 x 57
= 21.2 + 13.8 + 7.8 + 5.7
= 48.50
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