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In: Accounting

The following table gives the number of pints of type A blood used at Damascus Hospital...

The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks: 

Week OfPints Used
August 31350
September 7372
September 14408
September 21378
September 28366
October 5378

a) The forecasted demand for the week of October 12 using a 3-week moving average = _______  pints (round your response to two decimal places).

Solutions

Expert Solution

Answer:

From the given data we need to find the Moving average.

Moving average = Average demand in 3 week period.

Moving average upto Oct 12 =

[Average demand in (September 21) + (September 28) + (October 5)] / 3

= 378 + 366 + 378 / 3

= 1,122 / 3

= 374.

Forecast the demand for the week of October 12 using a 3-week moving average = 374 points.

ekkarill92 answered 3 years ago
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