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- What are some of the common Business Statistics used in Excell for Hospitality Management?please choose the most correct anwser.1. The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks: Part 2 Week Of Pints Used August 31 350 September 7 372 September 14 412 September 21 381 September 28 366 October 5 378 Part 3 a) The forecasted demand for the week of October 12 using a 3-week moving average LOADING... = _____________pints (round your response to two decimal places).
- 4 .Substitute for Problem # 4 on in attachment)-Calculate the MAD,revised MAD and the Revised Forecast for months 1-6 for the following three groups,where the Forecast stands for Forecast Demand.Has your forecast improved ? Tell me how would you go about improving the revised forecast( for each of the three groups)without actually doing so? Estate Planning Group Auditing and Accounting Group Business Consulting Group Month Actual Demand Forecast Actual Demand Forecast Actual Demand Forecast 1 100 125 270 230 140 135 2 90 125 240 230 130 135 3 110 125 280 230 160 135 4 115 125 260 230 180 135 5 130 125 300 230 200 135 6 115 125 220 230 190 135Discuss the strategic importance of forecasting at an healthcare business organization. Provide two examples of ways that forecasting could improve organizational processes or strategic decisions.V. Let's Explore / Let's Create 1. Discuss the other types of forecasting methods that financial analysts use to predict future revenues. 2. Are there any several other factors that may need to be considered that affects the sales forecast? RUBRIC Criteria Poor (3 Points) Fair (7 Points) Fair Good (10 Points) Good Deer
- Plz analyze.. What are the challenges of forecasting in volatile or uncertain environments?page 4 of 19) - Google Chrome squ.edu.om/mod/quiz/attempt.php?attempt3D1245076&cmid%3663426&page%3D3 earning System (Academic) erations Management || fall20 Quiz stion 4 Mean Absolute Deviation (MAD) is the always the best in assessing a forecast model accuracy yet vered Select one: ked out of O a. True O b. False Hajir lag question 13 Next page 10 19please add more detaied anwer to question 3,4 please.
- . Prepare a scatter diagram for each of these data sets and then express in words the apparent relationship between the two variables. Put the first variable on the horizontal axis and the secondvariable on the vertical axis.b. Temperature (°F) 65 63 72 66 82 58 75 86 77 65 79Error rate 1 2 0 0 3 3 1 5 2 1 3Q5) Monthly sales for a six month period are as follows: Month SalesJan 18,000Feb 22,000Mar 16,000Apr 18,000May 20,000June 24,000 Compute the sales forecast for July using the following approaches: (1) Four-month moving average; (2) Weighted three-month moving average using .50 for June, .30 for May and .20 for April;(3) Exponential smoothing with α (smoothing constant) equal to .40, assuming a February forecast of 18,000Obtain estimates of daily relatives for the number of customers at a restaurant for the evening meal, given the following data. a. Use the centered moving average method. (Hint: Use a seven-day moving average.)b. Use the SA method.Day Number Served1 802 753 784 955 1306 1367 408 829 7710 8011 9412 13113 13714 4215 8416 7817 8318 9619 13520 14021 4422 8723 8224 8825 9926 14427 14428 48