Develop forecasts for the sales of vw beetles

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Reference no: EM131353429

Using smoothing constants of .6 and .9, develop forecasts for the sales of VW Beetles. What effect did the smoothing constant have on the forecast? Use MAD to determine which of the three smoothing constants (.3, .6, or .9) gives the most accurate forecast.

Problem - The following gives the number of pints of type B blood used at Woodlawn Hospital in the past 6 weeks:

WEEK OF

PINTS USED

August 31

360

September 7

389

September 14

410

September 21

381

September 28

368

October 5

374

a) Forecast the demand for the week of October 12 using a 3-week moving average.

b) Use a 3-week weighted moving average, with weights of .1, .3, and .6, using .6 for the most recent week. Forecast demand for the week of October 12.

c) Compute the forecast for the week of October 12 using exponential smoothing with a forecast for August 31 of 360 and a = .2.

Reference no: EM131353429

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