Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The actual number of patients at Providence Emergency Medical Clinic for the first six weeks of this year follows: Clinic administrator Dana Schniederjans wants you

image text in transcribed
image text in transcribed
The actual number of patients at Providence Emergency Medical Clinic for the first six weeks of this year follows: 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 68.25 patients (round your rosponso 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 decrease. B. The value of the forecast will remain the same. C. The value of the forecast will increase. c) What if the weights were 0.50,0.20,0.20, and 0.10, respectively? Now what is the forecast for weok 7 ? The value of the forecast is patients (round your rosponse to two decimal places). A study to determine the correlation between bank deposits and consumer price indices in Birmingham, Alabama, revealed the following (which was based on n=5 years of data): -x=17-x2=75-xy=85-y=23-y2=129 a) The equation of the least square regression line is (enteryour rosponse for the y-axis intercept rounded to two decimal places and for the slope rounded to three decimal places)

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 Management

Authors: Andrew J. DuBrin

9th Edition

538478233, 2900538478235, 978-0538478236

More Books

Students also viewed these General Management questions

Question

Who was the first European to land in the U.S. ?

Answered: 1 week ago

Question

What year was the James town settlement established ?

Answered: 1 week ago

Question

What was the name of the pi pilgrims ship ?

Answered: 1 week ago

Question

First U.S.Dollar printed?

Answered: 1 week ago