(Solved): Hello, can you help me with this question please ? As you can see in the following table, demand fo ...
Hello, can you help me with this question please ?
As you can see in the following table, demand for heart transplant surgery at Washington General Hospital has increased steadily in the pas few years: The director of medical services predicted 6 years ago that demand in year 1 would be 44.0 surgeries. a) Using exponential smoothing with ? of 0.60 and the given forecast for year 1, the forecasts for years 2 through 6 are (round your responses to one decimal place): For the forecast made using exponential smoothing with ?=0.60 and the given forecast for year 1,MAD=3.9 surgeries (round your response to one decimal place). Using exponential smoothing with ? of 0.90 and the given forecast for year 1 , the forecasts for years 2 through 6 are (round your responses to one decimal placel:
Using exponential smoothing with ? of 0.90 and the given forecast for year 1 , the forecasts for years 2 through 6 are (round your responses to one decimal place): For the forecast made using exponential smoothing with ?=0.90 and the given forecast for year 1,MAD=3.1 surgeries (round your response to one decimal place). b) Forecasts for years 4 through 6 using a 3-year moving average are (round your responses to one decimal place): For forecasts made using a 3-year moving average, MAD = surgeries (round your response to one decimal place). c) Forecasts for years 1 through 6 using the trend-projection method are (round your responses to one decimal place):
For the forecast made using exponential smoothing with ?=0.90 and the given forecast for year 1,MAD= surgeries (round your response to one decimal place). b) Forecasts for years 4 through 6 using a 3-year moving average are (round your responses to one decimal place); For forecasts made using a 3-year moving average, MAD =2.8 surgeries (round your response to one decimal place). c) Forecasts for years 1 through 6 using the trend-projection method are (round your responses to one decimal place):
Solution :MAD = mean absolute deviation = average of abs (Actual - Forecasted)(a)Exponential forecasting coefficient = ????Actual Transplants is AtForec