What is the value of your forecast?

The actual number of patients at Omaha Emergency Medical Clinic for the first six weeks of this year follows: 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. What is the value of your forecast? The value of the forecast is patients If instead the weights were 40, 20, 10, and 10, respectively, how would the forecast change? The value of the forecast will remain the same. The value of the forecast will increase. The value of the forecast will decrease. What if the weights were 0.50, 0.20, 0.20, and 0.10, respectively? Now what is the forecast for week 7? The value of the forecast is patients


 

PLACE THIS ORDER OR A SIMILAR ORDER WITH BLACK BOARD MASTERS TODAY AND GET AN AMAZING DISCOUNT

get-your-custom-paper

The post What is the value of your forecast? appeared first on Blackboard Masters.

"Get 15% discount on your first 3 orders with us"
Use the following coupon
FIRST15

Order Now