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4 . 7 The actual demand for the patients at Omaha Emergency Medical Clinic for the first 6 weeks of this year follows: table
The actual demand for the patients at Omaha Emergency Medical Clinic for the first weeks of this year follows:
tableWEEKtableACTUAL NO OFPATIENTS
Clinic administrator Marc Schniederjans wants you to forecast patient demand at the clinic for week 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 on the present period, one period ago, two periods ago, and three periods ago.
a What is the value of your forecast?
b If instead the weights were and respectively, how would the forecast change? Explain why.
c What if the weights were and respectively? Now what is the forecast for week
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