What effect did the smoothing constant have on the forecast

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Reference no: EM131357747

Refer to Solved Problem. 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?

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


September 7


September 14


September 21


September 28


October 5


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: EM131357747

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