Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The actual demand for germicidal chemicals at one of BPHs clinics is as follows. Quarter Gallons of Germicidal Chemicals Used 1 5 5 0 2

The actual demand for germicidal chemicals at one of BPHs clinics is as follows.
Quarter Gallons of Germicidal Chemicals Used
1550
2490
3510
4590
5595
6550
7565
8610
9635
10565
11572
12655
Plot the data in the previous table on a graph. Do you detect any trend, seasonal pattern, or random variations?
Forecast demand from quarter 5 to quarter 13 using a four-quarter SMA. Plot your forecast on the same graph as the actual demand.
Forecast demand from quarter 3 to quarter 13 using a WMA with weights 0.7 and 0.3. Plot your forecast on the same graph as the actual demand and the SMA.
Looking at the graph in part c, which forecasting method seems to be more appropriate? Why?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Inventory Management

Authors: Max Muller

3rd Edition

1400212375, 9781400212378

More Books

Students also viewed these General Management questions