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A hospital has used a 9-month moving average forecasting method to forecast drug and dressing inventory requirements. The actual demand for one item is as shown in the following table. Using previous moving average data, convert to an exponential forecast and find the forecast for the month 33.
- a)64
- b)68
Correct answer is between ' 64, 68'. Can you explain this answer?
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Verified Answer
A hospital has used a 9-month moving average forecasting method to fo...
9 month moving average
Ft+1 = α ∙ Dt + α(1 − α) ∙ Dt−1 + α(1 − α)2 ∙ Dt−2 + α(1 − α)3 ∙ Dt−3 + α(1 − α)4 ∙ Dt−4 + α(1 − α)5 ∙ Dt−5 + α(1 − α)6 ∙ Dt−6 + α(1 − α)7 ∙ Dt−7 + α(1 − α)8 ∙ Dt−8
Ft+1 = 0.2 × 73 + 0.2(1 − 0.2) ∙ 60 + 0.2 (1 − 0.2)2 ∙ 84+ 0.2(1 − 0.2)3 ∙ 101+ 0.2(1 − 0.2)4 ∙ 80+ 0.2(1 − 0.2)5 ∙ 71+ 0.2(1 − 0.2)6 ∙ 90+ 0.2(1 − 0.2)7 ∙ 65+ 0.2(1 − 0.2)8 ∙ 78
= 66.56
Most Upvoted Answer
A hospital has used a 9-month moving average forecasting method to fo...
Compute a moving average by the base is 4month and compute 10 month
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A hospital has used a 9-month moving average forecasting method to forecast drug and dressing inventory requirements. The actual demand for one item is as shown in the following table. Using previous moving average data, convert to an exponential forecast and find the forecast for the month 33.a) 64b) 68Correct answer is between ' 64, 68'. Can you explain this answer?
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A hospital has used a 9-month moving average forecasting method to forecast drug and dressing inventory requirements. The actual demand for one item is as shown in the following table. Using previous moving average data, convert to an exponential forecast and find the forecast for the month 33.a) 64b) 68Correct answer is between ' 64, 68'. Can you explain this answer? for Mechanical Engineering 2024 is part of Mechanical Engineering preparation. The Question and answers have been prepared according to the Mechanical Engineering exam syllabus. Information about A hospital has used a 9-month moving average forecasting method to forecast drug and dressing inventory requirements. The actual demand for one item is as shown in the following table. Using previous moving average data, convert to an exponential forecast and find the forecast for the month 33.a) 64b) 68Correct answer is between ' 64, 68'. Can you explain this answer? covers all topics & solutions for Mechanical Engineering 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A hospital has used a 9-month moving average forecasting method to forecast drug and dressing inventory requirements. The actual demand for one item is as shown in the following table. Using previous moving average data, convert to an exponential forecast and find the forecast for the month 33.a) 64b) 68Correct answer is between ' 64, 68'. Can you explain this answer?.
A hospital has used a 9-month moving average forecasting method to forecast drug and dressing inventory requirements. The actual demand for one item is as shown in the following table. Using previous moving average data, convert to an exponential forecast and find the forecast for the month 33.a) 64b) 68Correct answer is between ' 64, 68'. Can you explain this answer? for Mechanical Engineering 2024 is part of Mechanical Engineering preparation. The Question and answers have been prepared according to the Mechanical Engineering exam syllabus. Information about A hospital has used a 9-month moving average forecasting method to forecast drug and dressing inventory requirements. The actual demand for one item is as shown in the following table. Using previous moving average data, convert to an exponential forecast and find the forecast for the month 33.a) 64b) 68Correct answer is between ' 64, 68'. Can you explain this answer? covers all topics & solutions for Mechanical Engineering 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A hospital has used a 9-month moving average forecasting method to forecast drug and dressing inventory requirements. The actual demand for one item is as shown in the following table. Using previous moving average data, convert to an exponential forecast and find the forecast for the month 33.a) 64b) 68Correct answer is between ' 64, 68'. Can you explain this answer?.
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A hospital has used a 9-month moving average forecasting method to forecast drug and dressing inventory requirements. The actual demand for one item is as shown in the following table. Using previous moving average data, convert to an exponential forecast and find the forecast for the month 33.a) 64b) 68Correct answer is between ' 64, 68'. Can you explain this answer?, a detailed solution for A hospital has used a 9-month moving average forecasting method to forecast drug and dressing inventory requirements. The actual demand for one item is as shown in the following table. Using previous moving average data, convert to an exponential forecast and find the forecast for the month 33.a) 64b) 68Correct answer is between ' 64, 68'. Can you explain this answer? has been provided alongside types of A hospital has used a 9-month moving average forecasting method to forecast drug and dressing inventory requirements. The actual demand for one item is as shown in the following table. Using previous moving average data, convert to an exponential forecast and find the forecast for the month 33.a) 64b) 68Correct answer is between ' 64, 68'. Can you explain this answer? theory, EduRev gives you an
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