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The actual number of patients at Providence Emergency Medical Clinic for the first six weeks...

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Accounting

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The actual number of patients at Providence Emergency Medical Clinic for the first six weeks of this year follows: Week 1 2 3 4 5 6 Actual No. of Patients 85 88 97 80 84 93 Clinic administrator Dana Schniederjans wants you to forecast patient numbes 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 0.500 on the present period, 0.250 one period ago, 0.125 two periods ago, and 0.125 three periods ago. a) What is the value of your forecast? The value of the forecast is patients (round your response to two decimal places). b) If instead the weights were 40, 20, 10, and 10, respectively, how would the forecast change? O A. The value of the forecast will increase. OB. The value of the forecast will decrease. OC. The value of the forecast will remain the same. c) What if the weights were 0.50, 0.20 0.20, and 0.10, respectively? Now what is the forecast for week 7? The value of the forecast is patients (round your response to two decimal places)

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