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Forecasting

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Historical demand for the number of doctors on night shift in a local hospital is:

Week Doctors
1 45
2 48
3 44
4 36
5 48
6 30
Forecast the number of doctors in week 7 by applying each of the following methods:

a. 4-period simple moving average method

b. 3-period weighted moving average method with weights 2,4,and 6

c. an exponential smoothing method with alpha = 0.4

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Solution Summary

The number of doctors in week 7 is forecast by applying each of the following methods:4-period simple moving average method, 3-period weighted moving average method with weights 2,4,and 6 and an exponential smoothing method with alpha = 0.4.

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