Using the weighted average method,with W₁ = 0.5,W2 = 0.3 and W₃ = 0.2,compute the forecast for Week 5 with the data that follows. $$\begin{array} { | c | c | }
\hline \text { Week } & \text { Number of Patients } \
\hline 1 & 100 \
\hline 2 & 80 \
\hline 3 & 90 \
\hline 4 & 100 \
\hline
\end{array}$$
A)93
B)96
C)98
D)100

Question

Using the weighted average method,with W₁ = 0.5,W2 = 0.3 and W₃ = 0.2,compute the forecast for Week 5 with the data that follows. $$\begin{array} { | c | c | } 
\hline \text { Week } & \text { Number of Patients } \
\hline 1 & 100 \
\hline 2 & 80 \
\hline 3 & 90 \
\hline 4 & 100 \
\hline
\end{array}$$
A)93
B)96
C)98
D)100

Quizplus · Accepted Answer

The forecast for Week 5 using the weighted average method is calculated as follows: (0.5 * 100) + (0.3 * 90) + (0.2 * 80) = 50 + 27 + 16 = 93.

Using the Weighted Average Method,with W₁ = 0 A)93 B)96 C)98 D)100

Using the Weighted Average Method,with W₁ = 0 A)93
B)96
C)98
D)100