Reference no: EM131357643
The actual demand for the patients at Omaha Emergency Medical Clinic for the first 6 weeks of this year follows:
Week
|
Actual No. of Patients
|
1
|
65
|
2
|
62
|
3
|
70
|
4
|
48
|
5
|
63
|
6
|
52
|
Clinic administrator Marc Schniederjans wants you to forecast patient demand 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 0.333 on the present period, 0.25 one period ago, 0.25 two periods ago, and 0.167 three periods ago.
a) What is the value of your forecast?
b) If instead the weights were 20, 15, 15, and 10, respectively, how would the forecast change? Explain why.
c) What if the weights were 0.40, 0.30, 0.20, and 0.10, respectively? Now what is the forecast for week 7?
National bureau of economic research
: Scenario: The organization's strategic plan calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. It is your team's task to determine where, outside the U..
|
Dozen eggs gasoline or chevron gas specifically
: Consider the 'pairs' of goods below. Which good in each pair is likely to have relatively more elastic demand? Why?: Sirloin steak or a dozen eggs Gasoline or Chevron gas specifically. iPhones or Androids
|
Do government regulations affect employment
: Does government regulation increase costs to those being regulated? Do government regulations affect employment? Do government regulations have a positive or negative impact upon economic activity?
|
Description of an emergent technology
: You will need to define a chosen topic and provide a brief description of an emergent technology. Examples are: Nanotechnology Genetically modified organisms Drones Automatic cars Remote or robotic surgery Wireless electricity
|
What is the value of your forecast
: The actual demand for the patients at Omaha Emergency Medical Clinic for the first 6 weeks of this year follows: What is the value of your forecast? If instead the weights were 20, 15, 15, and 10, respectively, how would the forecast change? Explain ..
|
Tobacco-addicted nation of pcoria
: Assume that the daily demand for packs of cigarettes in the tobacco-addicted nation of Pcoria is as follows:
|
What type of music did you use and why
: In what ways have you used music to change your state of being, such as your mood, your energy, or stress level? What type of music did you use and why?Write a response that reflects on this week's reading assignment. You may also include reflect..
|
Identify the cost of the apple iphone six plus
: Identify the cost of the Apple iPhone 6 plus. Discuss whether or not demand and supply are in equilibrium or is demand greater than supply. Identify two factors that would cause the demand curve to shift to the left.
|
Calculate the mean absolute deviation
: Assume that May's actual sales figure turns out to be 405. Complete the table's columns and then calculate the mean absolute deviation for both Bob's and Sherry's methods
|