Question
The actual number of patients at Providence Emergency Medical Clinic for the first six weeks of this year follows: Week Actual No. of Patients 1
The actual number of patients at Providence Emergency Medical Clinic for the first six weeks of this year follows:
Week | Actual No. of Patients |
1 | 45 |
2 | 49 |
3 | 57 |
4 | 40 |
5 | 46 |
6 | 53 |
Clinic administrator Dana 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
0.333
on the present period,
0.250
one period ago,
0.250
two periods ago, and
0.167
three periods ago.
a) What is the value of your forecast?
The value of the forecast is
48.6748.67
patients (round your response to two decimal places).
b) If instead the weights were
20,
15,
15,
and
10,
respectively, how would the forecast change?
A.
The value of the forecast will remain the same.
This is the correct answer.
B.
The value of the forecast will decrease.
Your answer is not correct.
C.
The value of the forecast will increase.
c) What if the weights were
0.40,
0.30,
0.20,
and
0.10,
respectively? Now what is the forecast for week 7?
The value of the forecast is
nothing
patients (round your response to two decimal places).
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